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<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Allowance for Loss-Sharing Obligations.</font><font style="display:inline;font-family:Times;font-size:10pt;"> When a loan is sold under the Fannie Mae DUS program, we undertake an obligation to partially guarantee the performance of the loan. Generally, we are responsible for losses equal to the first 5% of the UPB and a portion of any additional losses to an overall maximum of 20% of the original principal balance. Fannie Mae bears any remaining loss. In addition, under the terms of the master loss-sharing agreement with Fannie Mae, we are responsible for funding 100% of mortgage delinquencies (principal and interest) and servicing advances (taxes, insurance and foreclosure costs) until the amounts advanced exceeds 5% of the UPB at the date of default. Thereafter, we may request interim loss-sharing adjustments which allow us to fund 25% of such advances until final settlement.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At inception, a liability for the fair value of the obligation undertaken in issuing the guaranty is recognized. In determining the fair value of the guaranty obligation, we consider the risk profile of the collateral and the historical loss experience in our portfolio. The guaranty obligation is removed only upon either the expiration or settlement of the guaranty.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We evaluate the allowance for loss-sharing obligations by monitoring the performance of each loss-sharing loan for events or conditions that may signal a potential default. Historically, initial loss recognition occurs at or before a loan becomes 60 days delinquent. In instances where payment under the guaranty on a loan is determined to be probable and estimable (as the loan is probable of, or is, in foreclosure), we record a liability for the estimated allowance for loss-sharing (a "specific reserve") by transferring the guarantee obligation recorded on the loan to the specific reserve with any adjustments to this reserve amount recorded in provision for loss sharing in the statements of income, along with a write-off of the associated loan-specific MSR. The amount of the allowance considers our assessment of the likelihood of repayment by the borrower or key principal(s), the risk characteristics of the loan, the loan's risk rating, historical loss experience, adverse situations affecting individual loans, the estimated disposition value of the underlying collateral, and the level of risk sharing. We regularly monitor the specific reserves and update loss estimates as current information is received.</font>
</p><div /></div> </div>
32407554
32407554
0.1268
0.12680
-185461
1575359
4563223
4908283
1500000
1500000
122108
1.10
1.18
23447048
26744223
56166192
60880055
21230769
21230769
21230769
154800000
32616821
32616821
221647421
4908283
424796318
420889886
5000000
227742986
245455881
227742986
245455881
245455881
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 6—Capitalized Mortgage Servicing Rights</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our capitalized MSRs reflect commercial real estate MSRs derived from loans sold in our Agency Business. The weighted average estimated life remaining of our MSRs was 6.9 years at December 31, 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our capitalized MSR activity is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Acquired</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Originated</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221,647,421
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,595,737
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>255,243,158
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,051,613
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(652,947
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,704,560
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Write-downs and payoffs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,795,054
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(558
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,795,612
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>194,800,754
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,942,232
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2016, we recorded $5.8 million of write-offs relating to specific MSRs, primarily due to prepayments of certain loans. Prepayment fees totaling $5.6 million were collected in 2016 and are included as a component of servicing revenue, net on the consolidated statements of income. As of December 31, 2016, we had no valuation allowance recorded on any of our MSRs.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The expected amortization of the capitalized MSRs recorded as of December 31, 2016 is shown in the table below. Actual amortization may vary from these estimates.</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,714,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,273,739
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,019,266
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,371,734
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,211,119
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,152,795
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
30000000
216061504
29750000
99641504
30200000
38000000
18470000
1041761233
660315159
381446074
183827574
39047500
210138900
58000000
9885000
34850000
142556962
268571797
31725000
63158500
5000000
0
0
96361238
55702394
47205644
3.1
3.0
3.5
3.8
3.0
3.1
3.0
2.9
3.8
3.9
3.3
3.2
0
25000000
27000000
0.0048
2.6217
3.0052
3.4068
1.3072
1.3699
1.3072
1.3699
1.3072
1.3699
1.3072
1.3699
1.2987
1.3072
1.3699
1.2987
1.3072
1.2987
1.3699
0.80
0.75
0.75
0.75
0.70
0.80
15500000
14900000
1.00
0
P2Y6M
P3Y
P3Y
3
3
3
P1Y
P1Y
P1Y
P1Y
P1Y
P1Y
P1Y
62500000
177000000
71100000
167900000
281300000
0.0750
2018118058
50000000
660144122
1307973936
0.0296
0.0307
0.0342
0.0324
0.0355
0.0812
0.0344
0.0342
0.0371
0.0394
0.0815
13928552
17428648
10441408
2427946
5714575
219378
5000000
400000
16461225
1263708
13145814
2051703
-100000
3
34629595
81019386
-499279
-1263708
764429
0.225
0.225
0.163
0.50
0.50
0.50
2
29829360
8898316
20931044
54599161
21256703
33342458
26793320
26793320
21763714
753111
21010603
30376340
1127271
29249069
119713191
119713191
224931306
111741474
113189832
275460905
156755322
118705583
33032580
33032580
43766835
9823727
33943108
46018263
13331036
32687227
258516
258516
10215267
9956751
258516
11984747
11726231
258516
248658
248658
12300516
6600084
5700432
12994607
9949278
3045329
1044965627
338946607
706019020
1084220433
380468153
703752280
59266385
59266385
157772966
101164636
56608330
198976118
142297015
56679103
4168348
4168348
130931755
129567280
1364475
195905426
195905426
121802429
68704783
53097646
170962626
125940356
45022270
620906
620906
1627791
1627791
90184
90184
7993602
7993602
15320832
196413
15124419
8272363
212875
8059488
30064836
9883116
20181720
29718571
13328837
16389734
973649322
348192978
625456344
962125163
360412435
601712728
6500526
6500526
6800824
6800824
7085406
7085406
89192393
89192393
95937528
95937528
99416837
99416837
1000000
0.03
13145814
0
0
0
6
5
1
2
1
1
0
0
38039122
35609122
2430000
16961456
14646456
2315000
38039122
35609122
2430000
16961456
14646456
2315000
0.0503
0.0512
0.0369
0.0536
0.0557
0.0403
0.0503
0.0512
0.0369
0.0536
0.0557
0.0403
100000
0
P12M
P6M
0.07
0.35
0.43
0.00
0.07
0.85
0.02
0.32
0.05
0.27
0.13
0.06
0.36
0.42
0.00
0.06
0.83
0.01
0.30
0.02
0.43
0.23
17200000
20400000
63
75
895400000
1010000000
1.00
22800000
11009162
19171882
8162720
0
221600000
11900000
189209415
1700000
7350764
34486433
122875774
22796444
187351035
1700000
2450618
34496296
125925677
22778444
151900000
125300000
4800000
5
6
0.0829
8
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Impaired Loans, Allowance for Loan Losses and Charge-offs.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We consider a loan impaired when, based upon current information, it is probable that we will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. We evaluate each loan in our portfolio on a quarterly basis. Our loans are individually specific and unique as it relates to product type, geographic location, and collateral type, as well as to the rights and remedies and the position in the capital structure our loans have in relation to the underlying collateral. We evaluate this information at both a loan level and general market trends level when determining the appropriate assumptions such as capitalization and market discount rates, as well as the borrower's operating income and cash flows, in estimating the value of the underlying collateral when determining if a loan is impaired. We utilize internally developed valuation models and techniques primarily consisting of discounted cash flow and direct capitalization models in determining the fair value of the underlying collateral on an individual loan. We may also obtain a third party appraisal, which may value the collateral through an "as-is" or "stabilized value" methodology. Such appraisals may be used as an additional source of valuation information only and no adjustments are made to appraisals.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> If upon completion of the valuation, the fair value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, an allowance is created with a corresponding charge to the provision for loan losses. The allowance for each loan is maintained at a level that we believe to be adequate to absorb probable losses.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Loan terms may be modified if we determine that based on the individual circumstances of a loan and the underlying collateral, a modification would more likely increase the total recovery of the combined principal and interest from the loan. Any loan modification is predicated upon a goal of maximizing the collection of the loan. Typical triggers for a modification would include situations where the projected cash flow is insufficient to cover required debt service, when asset performance is lagging the initial projections, where there is a requirement for rebalancing, where there is an impending maturity of the loan, and where there is an actual loan default. Loan terms that have been modified have included, but are not limited to, interest rate, maturity date and in certain cases, principal amount. Length and amounts of each modification have varied based on individual circumstances and are determined on a case by case basis. If the loan modification constitutes a concession whereas we do not receive ample consideration in return for the modification, and the borrower is experiencing financial difficulties and cannot repay the loan under the current terms, then the modification is considered by us to be a troubled debt restructuring. If we receive a benefit, either monetary or strategic, and the above criteria are not met, the modification is not considered to be a troubled debt restructuring. We record interest on modified loans on an accrual basis to the extent the modified loan is contractually current.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Charge-offs to the allowance for loan losses occur when losses are confirmed through the receipt of cash or other consideration from the completion of a sale; when a modification or restructuring takes place in which we grant a concession to a borrower or agree to a discount in full or partial satisfaction of the loan; when we take ownership and control of the underlying collateral in full satisfaction of the loan; when loans are reclassified as other investments; or when significant collection efforts have ceased and it is highly likely that a loss has been realized.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Loss on restructured loans is recorded when we have granted a concession to the borrower in the form of principal forgiveness related to the payoff or the substitution or addition of a new debtor for the original borrower or when we incur costs on behalf of the borrower related to the modification, payoff or the substitution or addition of a new debtor for the original borrower. When a loan is restructured, we record our investment at net realizable value, taking into account the cost of all concessions at the date of restructuring. In addition, a gain or loss may be recorded upon the sale of a loan to a third party in the consolidated statements of income in the period in which the loan was sold.</font>
</p><div /></div> </div>
10
9
8
24450552
3098910
18802042
10853045
3056427
1793660
518331
38680599
-12054334
41757334
8977599
-3263357
11796659
29628966
-0.07
-3400000
-1400000
73310000
1.2000
1.2000
1.2000
5
4.5
4
3.5
3
5
1
115000000
2904057
26185691
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Key Servicing Metrics for Agency Business: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB of Servicing<br />Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg. Servicing<br />Fee Rate<br />(basis points)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg. Life of<br />Servicing Portfolio<br />(in years)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,181,152,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,953,244,541
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>420,688,577
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,555,085,518
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
0.76
0.83
0.80
0.75
0.76
0.87
0.94
0.75
0.80
0.90
0.75
0.67
0.75
0.75
0.91
0.73
0.75
0.84
0.94
0.73
0.74
0.92
0.73
0.72
25000000
0.64
0.64
0
25000000
1523699653
1459475650
1450334341
1695732351
1541126367
54960986
62663655
1247154631
36981343
231220314
62751422
5543286
24105313
25010547
1133734499
7478875
31050000
35769136
13932969
5000000
1687500
12964371
1603108
62941335
36981343
3958333
P1Y
2
48100000
22900000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loans Held-for-Sale, Net.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Loans held-for-sale, net represents commercial real estate loans originated in our Agency Business, which are generally transferred or sold within 60 days from the date the loan is funded. Such loans are reported at the lower of cost or market on an aggregate basis and include the value allocated to the associated future MSRs. During the period prior to its sale, interest income on a loan held-for-sale is calculated in accordance with the terms of the individual loan and the loan origination fees and direct loan origination costs are deferred until the loan is sold. Substantially all of our held-for-sale loans are financed with matched borrowings from credit facilities contracted to finance such loans. Interest income and expense are earned or incurred after a loan is closed and before a loan is sold.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated, put presumptively beyond the reach of the entity, even in bankruptcy, (2) the transferee (or if the transferee is an entity whose sole purpose is to engage in securitization and the entity is constrained from pledging or exchanging the assets it receives, each third-party holder of its beneficial interests) has the right to pledge or exchange the transferred financial assets, and (3) we or our agents does not maintain effective control over the transferred financial assets or third-party beneficial interest related to those transferred assets through an agreement to repurchase them before their maturity. We have determined that all loans sold have met these specific conditions and account for all transfers of mortgage loans as completed sales.</font>
</p><div /></div> </div>
675493536
2129720318
2149632754
456421660
24629823
1668581271
972311886
828669556
553408734
0.0050
0.0025
0.0025
0.0025
0.0025
0.0025
0.0025
0.0025
0.0025
0.0045
0.0015
0.0050
0.0050
0.0021
0.0068
0.0015
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 5—Loans Held-for-Sale, Net</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Loans held-for-sale, net consists of the following:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>538,189,475
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>124,102,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,247
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662,347,722
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fair value of future MSR</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,145,814
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned discount</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,126,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our loans held-for-sale, net are typically sold within 60 days of loan origination. At December 31, 2016, there were no loans held-for-sale that were 90 days or more past due, and there were no loans held-for-sale that were placed on a non-accrual status. During 2016, we sold $1.49 billion of loans held-for-sale, excluding $418.2 million of sales related to loans that were acquired as part of the Acquisition, and recorded gain on sales of $22.8 million, which are included in gain on sales, including fee-based services, net in the consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
2126232
2444090
2444090
0
47
55
16
18
10
1
17
100
2
26
139000000
0.25
9900000
10900000
12600000
P3Y
10.00
0.60
P1Y
10000000
P6M
P120D
P120D
P60D
10800000
4976577
5555539
4296775
5900000
250000000
342988734
287946641
338034689
968970064
343747570
290429019
323350928
957527517
0.10
0.125
0.12
0.10
907052
6929472
7851443
1.00
0.03
0.05
0.88
1.00
0.04
0.70
0.04
0.11
0.13
0.02
1.00
0.03
0.04
0.90
1.00
0.03
0.79
0.04
0.08
0.08
0.01
343561696
288581773
339019221
971162690
344679286
291319123
324569105
960567514
2500000
P17M21D
P32M27D
P30M15D
P16M21D
P11M6D
P16M9D
P17M27D
P23M24D
P16M12D
P4M
3224868
3907007
6982688
753502
4225000
50691329
6501079
32000000
2959005
1886133
27155000
27155000
27111231
9300000
2000000
900666405
828217500
847682500
66400000
2
2
4
5
2
0
0
0
2
2
2
2
2
1
1
3
3
7500000
5
5
11300000
1
1
1
0.0211
44940760
44940760
74544509
11193562
63350947
-4626192
-4626192
-4626192
173222706
1217864
38216483
133788359
1.2972
1.2887
1.3599
0.05
908769736
985008307
870166040
0
0
0
858750
2602500
14698
14459
14541
59613649
100000
600000
100000
0.20
1.00
1.00
1.00
0.05
0.92
1.00
0.14
0.03
0.83
0.42
0.08
0.04
0.05
0.09
0.08
0.24
0.292
P18M
P48M
P60D
P1Y
P5Y
266664
203438
159375
266664
203438
159375
266664
203438
159375
5600000
395034
1800000
50000000
47400000
49600000
987700535
985788250
667902042
1490000000
402080235
593879165
3922393859
P7Y6M
0.0475
9026712
6509149
59005
100000
2234823
2234823
P1Y
11200000
11200000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Real Estate Owned and Held-For-Sale.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Real estate acquired is recorded at its estimated fair value at the time of acquisition and is shown net of accumulated depreciation and impairment charges. Costs incurred in connection with the acquisition of a property are expensed as incurred.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We allocate the purchase price of our real estate acquisitions to land, building, tenant improvements, origination asset of the in-place leases, intangibles for the value of any above or below market leases at fair value and to any other identified intangible assets or liabilities. We finalize our purchase price allocation on these assets within one year of the acquisition date. We amortize the value allocated to in-place leases over the remaining lease term, which is reported in depreciation and amortization expense on our consolidated statements of income. The value allocated to above or below market leases are amortized over the remaining lease term as an adjustment to rental income.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate assets are depreciated using the straight-line method over their estimated useful lives. Ordinary repairs and maintenance which are not reimbursed by the tenants are expensed as incurred. Major replacements and betterments which improve or extend the life of the asset are capitalized and depreciated over their estimated useful life.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our properties are reviewed for impairment each quarter, if events or circumstances change indicating that the carrying amount of an asset may not be recoverable. We recognize impairment if the undiscounted estimated cash flows to be generated by an asset is less than the carrying amount of such asset. Measurement of impairment is based on the asset's estimated fair value. In the evaluation of a property for impairment, many factors are considered, including estimated current and expected operating cash flows from the property during the projected holding period, costs necessary to extend the life or improve the asset, expected capitalization rates, projected stabilized net operating income, selling costs, and the ability to hold and dispose of the asset in the ordinary course of business. Impairment charges may be necessary in the event discount rates, capitalization rates, lease-up periods, future economic conditions, and other relevant factors vary significantly from those assumed in valuing the property.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate is classified as held-for-sale when we commit to a plan of sale, the asset is available for immediate sale, there is an active program to locate a buyer, and it is probable the sale will be completed within one year. Real estate assets that are expected to be disposed of are valued at the lower of the asset's carrying amount or its fair value less costs to sell.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We recognize sales of real estate properties upon closing. Payments received from purchasers prior to closing are recorded as deposits. Gain on real estate sold is recogized using the full accrual method when the collectability of the sale price is reasonably assured and we are not obligated to perform significant activities after the sale. A gain may be deferred in whole or in part until collectability of the sales price is reasonably assured and the earnings process is complete.</font>
</p><div /></div> </div>
3
2
1
76
90
100
0.51
0.53
0.54
39
48
54
66027912
2000000
0.24
0.95
0.95
0.50
0.90
0.075
0.075
0.50
0.090
0.078
19000000
19000000
47000000
50000000
2
2
2
0.366
5349053
87500000
177000000
281250000
1300000
0.0165
1300000
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions from the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,908,283
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Settlements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(122,108
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Management Fees: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Base</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Incentive</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total management fee</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Charge-offs:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Recoveries:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193,106
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>754,394
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,815,724
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,287,869
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193,106
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,042,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net Recoveries (Charge-offs)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,765,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,457,737
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,814,645
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ratio of net recoveries (charge-offs) during the period to average loans and investments outstanding during the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional/<br />Principal Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value of<br />Servicing Rights</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Rate<br />Movement Effect</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Fair<br />Value Adjustment</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Rate lock commitments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,685,400
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764,429
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,051,703
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Forward sale commitments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>819,033,129
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,708
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,708
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662,347,729
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,145,814
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,145,814
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,961,946
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,279
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,461,225
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net are recorded at the lower of cost or market on an aggregate basis and includes fair value adjustments related to estimated cash flows from MSRs.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our CLO compliance tests as of the most recent determination dates in February 2017 is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash Flow Triggers </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO VI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Overcollateralization(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.87
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128.87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Interest Coverage(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>340.68
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>262.17
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The overcollateralization ratio divides the total principal balance of all collateral in the CLO by the total principal balance of the bonds associated with the applicable ratio. To the extent an asset is considered a defaulted security, the asset's principal balance for purposes of the overcollateralization test is the lesser of the asset's market value or the principal balance of the defaulted asset multiplied by the asset's recovery rate which is determined by the rating agencies. Rating downgrades of CLO collateral will generally not have a direct impact on the principal balance of a CLO asset for purposes of calculating the CLO overcollateralization test unless the rating downgrade is below a significantly low threshold (e.g. CCC–) as defined in each CLO vehicle.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The interest coverage ratio divides interest income by interest expense for the classes senior to those retained by us.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="17" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Condensed Combined<br />Balance Sheets </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,256,703
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,342,458
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,599,161
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,898,316
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,931,044
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,829,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Real estate assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>360,412,435
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>601,712,728
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>962,125,163
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>348,192,978
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>625,456,344
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>973,649,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,940,356
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,022,270
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,962,626
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,704,783
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,097,646
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>121,802,429
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>507,609,494
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,077,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,187,686,950
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,796,077
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>699,485,034
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
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</td>
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</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p>
</td>
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</td>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Notes payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>380,468,153
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>703,752,280
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,084,220,433
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>338,946,607
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>706,019,020
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,044,965,627
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,328,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,389,734
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,718,571
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,883,116
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,181,720
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,064,836
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>393,796,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>720,142,014
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,113,939,004
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>348,829,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>726,200,740
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,075,030,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Stockholders' equity Arbor(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,917,458
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,453,395
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,370,853
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,923,679
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,368,556
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,292,235
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Stockholders' equity</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,895,046
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(44,517,953
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,377,093
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,042,675
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31,084,262
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,958,413
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total stockholders' equity</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,812,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,064,558
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,747,946
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,966,354
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,715,706
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,250,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total liabilities and equity</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>507,609,494
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,077,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,187,686,950
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,796,077
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>699,485,034
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Combined with $0.6 million of equity relating to the issuance of junior subordinated notes, equals $33.9 million and $30.9 million of investments in equity affiliates at December 31, 2016 and 2015, respectively.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="26" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Statements of Operations: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Rental income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,416,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,416,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,937,528
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,937,528
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,192,393
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,192,393
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,726,231
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,984,747
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,956,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,215,267
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>195,905,426
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>195,905,426
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,567,280
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,364,475
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130,931,755
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,168,348
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,168,348
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Reimbursement income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,085,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,085,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,800,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,800,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>212,875
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,059,488
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,272,363
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,413
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,124,419
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,320,832
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,993,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,993,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total revenues</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>207,844,532
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114,820,247
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322,664,779
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139,720,444
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,485,762
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,206,206
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,113,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,113,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,297,015
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,679,103
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,976,118
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101,164,636
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,608,330
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,772,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,266,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,266,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,331,036
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,687,227
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,018,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,823,727
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,943,108
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,766,835
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,032,580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,032,580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,127,271
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,249,069
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,376,340
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>753,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,010,603
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,763,714
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,793,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,793,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,184
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,184
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,627,791
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,627,791
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>620,906
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>620,906
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,755,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,705,583
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275,460,905
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111,741,474
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,189,832
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,931,306
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,713,191
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,713,191
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,089,210
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,885,336
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,203,874
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,978,970
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,295,930
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,274,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,599,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,599,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Arbor's share of income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,949,278
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,045,329
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,994,607
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,600,084
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,700,432
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,300,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,658
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,658
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross Carrying Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Accumulated Amortization</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Additions</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Additions</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Finite-lived intangible assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Broker relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,432,292
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,432,292
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Borrower relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Below market leases</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,010,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,010,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>337,705
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>337,705
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Acquired technology</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Infinite-lived intangible assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae DUS license</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac Program Plus license</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA license</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,310,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,310,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,567,497
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,567,497
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Pre-tax GAAP income:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">REIT</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,150,891
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,449,099
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,278,047
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">TRS Consolidated Group</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,470,241
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,425,995
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,485,812
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total pre-tax GAAP income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,621,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Origination Data:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Structured Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">New loan originations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>847,682,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>828,217,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,666,405
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan payoffs / paydowns</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>553,408,734
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>828,669,556
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>972,311,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Agency Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Origination Volumes by Investor:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,668,581,271
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>456,421,660
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,629,823
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,149,632,754
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total loan commitment volume</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,129,720,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Loan Sales Data:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Agency Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,130,391,796
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>332,319,660
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,672,932
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,492,384,388
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Sales margin (fee-based services as a % of loan sales)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.65
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">MSR rate (MSR income as a % of loan commitments)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.11
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan sales were $1.91 billion for 2016, including loans that were acquired as part of the Acquisition.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Determination(1) </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO VI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">January 2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">October 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.87
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">July 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">April 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">January 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The table above represents the quarterly trend of our overcollateralization ratio, however, the CLO determination dates are monthly and we were in compliance with this test for all periods presented.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel<br />Property</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Office<br />Building</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Multifamily<br />Properties</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel<br />Properties</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Office<br />Building</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,293,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,509,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,802,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,844
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,293,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,509,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,341,495
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Building and intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,473,898
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,563,254
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,037,152
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,643,889
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,338,882
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,391,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,373,771
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less: Impairment loss</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less: Accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,658,737
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(489,261
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,147,998
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,399,041
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,329,615
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(141,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16,869,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Real estate owned, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,908,812
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,582,993
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,491,805
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,783,692
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,302,918
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,758,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,845,509
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a summary of our variable interests in identified VIEs, of which we are not the primary beneficiary, as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Amount(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maximum<br />Exposure to<br />Loss(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,955,289
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,955,289
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Agency IOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,050,447
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,050,447
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior subordinated notes(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,369,911
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,369,911
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents the carrying amount of loans and investments before reserves. At December 31, 2016, $150.5 million of loans to VIEs had corresponding loan loss reserves of $77.6 million. See Note 4—Loans and Investments for further details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Our maximum exposure to loss as of December 31, 2016 would not exceed the carrying amount of its investment.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">It is not appropriate to consolidate these entities as equity interests are variable interests only to the extent that the investment is considered to be at risk. Since our investments were funded by the entities that issued the junior subordinated notes, it is not considered to be at risk.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
136252135
136252135
16431870
57610463
24114494
24328863
13766445
136252135
137072691
906636790
660144122
2532966
246492668
106051080
39047500
210009449
46373641
7956000
21598322
142556962
268530211
23276773
38703886
906636790
907882886
660144122
247738764
137325474
137325474
16500000
58270774
24120000
24582200
13852500
908680198
660315159
2532966
248365039
107303216
39047500
210138900
46400000
7956000
21897500
142556962
268571797
23285625
38989732
81000000
82300000
74800000
5795054
558
5795612
800000
1000000
2000000
500000
1200000
1500000
1100000
2300000
900000
500000
1400000
1300000
1900000
500000000
400000000
0.03
13555085518
1953244541
420688577
11181152400
1938570
3779422
-5360594
264369911
256955289
2050447
4786175
578000
21
0.0048
0.0022
0.0018
0.0053
5795612
false
--12-31
FY
2016
2016-12-31
10-K
0001253986
51401295
Yes
Accelerated Filer
235
307400000
ARBOR REALTY TRUST INC
No
No
142500000
819033129
662347729
156685400
0.03241
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan<br />Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Remaining<br />Months to<br />Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First<br />Dollar<br />LTV<br />Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last<br />Dollar<br />LTV<br />Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,602,658,179
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.59
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,124,566
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.09
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,120,639
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>144
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.71
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,716,040
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(83,711,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan<br />Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Remaining<br />Months to<br />Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First<br />Dollar<br />LTV<br />Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last<br />Dollar<br />LTV<br />Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353,132,435
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.48
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,390,905
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.19
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,346,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.63
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,030,129
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">"Weighted Average Pay Rate" is a weighted average, based on the UPB of each loan in our portfolio, of the interest rate required to be paid monthly as stated in the individual loan agreements. Certain loans and investments that require an additional rate of interest "Accrual Rate" to be paid at maturity are not included in the weighted average pay rate as shown in the table.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The "First Dollar LTV Ratio" is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The "Last Dollar LTV Ratio" is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
3428333
6038707
400000
600000
-5300000
-200000
-4840950
320917
P8Y
P9Y6M
P7Y6M
P6Y1M6D
P2Y6M
616244196
621931995
2178647
2178647
2178647
2178647
400000
500000
300000
300000
400000
100000
300000
900000
800000
400000
400000
400000
100000
100000
100000
700000
1000000
200000
500000
400000
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times New Roman,Times,serif;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,277,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,509,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,026,712
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-off on loan reclassification to real estate owned, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Recoveries of reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(150,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(734,894
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,711,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
9315724
7815724
1500000
2042263
754394
1287869
193106
193106
200000
700000
600000
600000
500000
3300000
1500000
300000
3100000
1000000
21704560
21704560
1827391944
1022671535
2970786246
980052248
1058368010
1912418236
2022030
2022030
2002030
2022030
470314
1551716
5403463
5403463
5403463
4786175
617288
5403463
5403463
617288
4786175
411525
411525
558499
1610505
1610505
58789
1551716
58789
58789
-122108
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Basis of Presentation</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The consolidated financial statements and accompanying notes have been prepared in accordance with GAAP. In the opinion of management, all adjustments considered necessary for a fair presentation of our financial position, results of operations and cash flows have been included and are of a normal and recurring nature.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the fourth quarter of 2016, we revised the assumption used in determining amortization periods on the MSR portfolio we acquired in connection with the Acquisition in the third quarter of 2016. This change in estimate resulted in an increase in our quarterly MSR amortization, which is included in servicing revenue, net in our consolidated statements of income. The effect of this non-cash change was a reduction in our net income of approximately $3.4 million, or $0.07 per diluted share, for 2016. Excluding the addition of new MSRs in future periods, we expect this change in estimate to reduce net income by approximately $1.4 million for the first quarter of 2017, with the impact of this change decreasing in future reporting periods as loans mature and repay over the weighted average estimated life remaining.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Certain prior year amounts have been reclassified to conform to current period presentation. We reclassified acquisition costs of $3.1 million associated with the Acquisition from selling and administrative expenses to acquisition costs for the year ended December 31, 2015.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 2—Basis of Presentation and Significant Accounting Policies</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Basis of Presentation</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The consolidated financial statements and accompanying notes have been prepared in accordance with GAAP. In the opinion of management, all adjustments considered necessary for a fair presentation of our financial position, results of operations and cash flows have been included and are of a normal and recurring nature.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the fourth quarter of 2016, we revised the assumption used in determining amortization periods on the MSR portfolio we acquired in connection with the Acquisition in the third quarter of 2016. This change in estimate resulted in an increase in our quarterly MSR amortization, which is included in servicing revenue, net in our consolidated statements of income. The effect of this non-cash change was a reduction in our net income of approximately $3.4 million, or $0.07 per diluted share, for 2016. Excluding the addition of new MSRs in future periods, we expect this change in estimate to reduce net income by approximately $1.4 million for the first quarter of 2017, with the impact of this change decreasing in future reporting periods as loans mature and repay over the weighted average estimated life remaining.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Certain prior year amounts have been reclassified to conform to current period presentation. We reclassified acquisition costs of $3.1 million associated with the Acquisition from selling and administrative expenses to acquisition costs for the year ended December 31, 2015.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Principles of Consolidation</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accompanying consolidated financial statements include our financial statements and the financial statements of our wholly owned subsidiaries, partnerships and other joint ventures in which we own a controlling interest, including variable interest entities ("VIEs") of which we are the primary beneficiary. Entities in which we have a significant influence are accounted for under the equity method. See Note 17—Variable Interest Entities for information about our VIEs. All significant inter-company transactions and balances have been eliminated in consolidation.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Use of Estimates</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that could materially affect the amounts reported in the consolidated financial statements and accompanying notes. As future events cannot be determined with precision, actual results could differ from those estimates.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Significant Accounting Policies</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Cash and Cash Equivalents.</font><font style="display:inline;font-family:Times;font-size:10pt;"> All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. We place our cash and cash equivalents in high quality financial institutions. The consolidated account balances at each institution periodically exceed Federal Deposit Insurance Corporation (FDIC) insurance coverage and we believe that this risk is not significant.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loans, Investments and Securities.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for loan losses when such loan or investment is deemed to be impaired. We invest in preferred equity interests that, in some cases, allow us to participate in a percentage of the underlying property's cash flows from operations and proceeds from a sale or refinancing. At the inception of each such investment, we determine whether such investment should be accounted for as a loan, equity interest or as real estate. To date, we have determined that all such investments are properly accounted for and reported as loans.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> At the time of purchase, we designate a security as available-for-sale, held-to-maturity, or trading depending on our ability and intent for the security. Securities available-for-sale are reported at fair value with the net unrealized gains or losses reported as a component of accumulated other comprehensive income (loss). Unrealized losses that are determined to be other-than-temporary are recognized in earnings up to their credit component. The determination of other-than-temporary impairment is a subjective process requiring judgments and assumptions and is not necessarily intended to indicate a permanent decline in value. The process includes, but is not limited to, assessment of recent market events and prospects for near-term recovery, assessment of cash flows, internal review of the underlying assets securing the investments, credit of the issuer and the rating of the security, as well as our ability and intent to hold the investment to maturity. We closely monitor market conditions on which we base such decisions.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Impaired Loans, Allowance for Loan Losses and Charge-offs.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We consider a loan impaired when, based upon current information, it is probable that we will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. We evaluate each loan in our portfolio on a quarterly basis. Our loans are individually specific and unique as it relates to product type, geographic location, and collateral type, as well as to the rights and remedies and the position in the capital structure our loans have in relation to the underlying collateral. We evaluate this information at both a loan level and general market trends level when determining the appropriate assumptions such as capitalization and market discount rates, as well as the borrower's operating income and cash flows, in estimating the value of the underlying collateral when determining if a loan is impaired. We utilize internally developed valuation models and techniques primarily consisting of discounted cash flow and direct capitalization models in determining the fair value of the underlying collateral on an individual loan. We may also obtain a third party appraisal, which may value the collateral through an "as-is" or "stabilized value" methodology. Such appraisals may be used as an additional source of valuation information only and no adjustments are made to appraisals.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> If upon completion of the valuation, the fair value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, an allowance is created with a corresponding charge to the provision for loan losses. The allowance for each loan is maintained at a level that we believe to be adequate to absorb probable losses.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Loan terms may be modified if we determine that based on the individual circumstances of a loan and the underlying collateral, a modification would more likely increase the total recovery of the combined principal and interest from the loan. Any loan modification is predicated upon a goal of maximizing the collection of the loan. Typical triggers for a modification would include situations where the projected cash flow is insufficient to cover required debt service, when asset performance is lagging the initial projections, where there is a requirement for rebalancing, where there is an impending maturity of the loan, and where there is an actual loan default. Loan terms that have been modified have included, but are not limited to, interest rate, maturity date and in certain cases, principal amount. Length and amounts of each modification have varied based on individual circumstances and are determined on a case by case basis. If the loan modification constitutes a concession whereas we do not receive ample consideration in return for the modification, and the borrower is experiencing financial difficulties and cannot repay the loan under the current terms, then the modification is considered by us to be a troubled debt restructuring. If we receive a benefit, either monetary or strategic, and the above criteria are not met, the modification is not considered to be a troubled debt restructuring. We record interest on modified loans on an accrual basis to the extent the modified loan is contractually current.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Charge-offs to the allowance for loan losses occur when losses are confirmed through the receipt of cash or other consideration from the completion of a sale; when a modification or restructuring takes place in which we grant a concession to a borrower or agree to a discount in full or partial satisfaction of the loan; when we take ownership and control of the underlying collateral in full satisfaction of the loan; when loans are reclassified as other investments; or when significant collection efforts have ceased and it is highly likely that a loss has been realized.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Loss on restructured loans is recorded when we have granted a concession to the borrower in the form of principal forgiveness related to the payoff or the substitution or addition of a new debtor for the original borrower or when we incur costs on behalf of the borrower related to the modification, payoff or the substitution or addition of a new debtor for the original borrower. When a loan is restructured, we record our investment at net realizable value, taking into account the cost of all concessions at the date of restructuring. In addition, a gain or loss may be recorded upon the sale of a loan to a third party in the consolidated statements of income in the period in which the loan was sold.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loans Held-for-Sale, Net.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Loans held-for-sale, net represents commercial real estate loans originated in our Agency Business, which are generally transferred or sold within 60 days from the date the loan is funded. Such loans are reported at the lower of cost or market on an aggregate basis and include the value allocated to the associated future MSRs. During the period prior to its sale, interest income on a loan held-for-sale is calculated in accordance with the terms of the individual loan and the loan origination fees and direct loan origination costs are deferred until the loan is sold. Substantially all of our held-for-sale loans are financed with matched borrowings from credit facilities contracted to finance such loans. Interest income and expense are earned or incurred after a loan is closed and before a loan is sold.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated, put presumptively beyond the reach of the entity, even in bankruptcy, (2) the transferee (or if the transferee is an entity whose sole purpose is to engage in securitization and the entity is constrained from pledging or exchanging the assets it receives, each third-party holder of its beneficial interests) has the right to pledge or exchange the transferred financial assets, and (3) we or our agents does not maintain effective control over the transferred financial assets or third-party beneficial interest related to those transferred assets through an agreement to repurchase them before their maturity. We have determined that all loans sold have met these specific conditions and account for all transfers of mortgage loans as completed sales.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Allowance for Loss-Sharing Obligations.</font><font style="display:inline;font-family:Times;font-size:10pt;"> When a loan is sold under the Fannie Mae DUS program, we undertake an obligation to partially guarantee the performance of the loan. Generally, we are responsible for losses equal to the first 5% of the UPB and a portion of any additional losses to an overall maximum of 20% of the original principal balance. Fannie Mae bears any remaining loss. In addition, under the terms of the master loss-sharing agreement with Fannie Mae, we are responsible for funding 100% of mortgage delinquencies (principal and interest) and servicing advances (taxes, insurance and foreclosure costs) until the amounts advanced exceeds 5% of the UPB at the date of default. Thereafter, we may request interim loss-sharing adjustments which allow us to fund 25% of such advances until final settlement.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> At inception, a liability for the fair value of the obligation undertaken in issuing the guaranty is recognized. In determining the fair value of the guaranty obligation, we consider the risk profile of the collateral and the historical loss experience in our portfolio. The guaranty obligation is removed only upon either the expiration or settlement of the guaranty.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We evaluate the allowance for loss-sharing obligations by monitoring the performance of each loss-sharing loan for events or conditions that may signal a potential default. Historically, initial loss recognition occurs at or before a loan becomes 60 days delinquent. In instances where payment under the guaranty on a loan is determined to be probable and estimable (as the loan is probable of, or is, in foreclosure), we record a liability for the estimated allowance for loss-sharing (a "specific reserve") by transferring the guarantee obligation recorded on the loan to the specific reserve with any adjustments to this reserve amount recorded in provision for loss sharing in the statements of income, along with a write-off of the associated loan-specific MSR. The amount of the allowance considers our assessment of the likelihood of repayment by the borrower or key principal(s), the risk characteristics of the loan, the loan's risk rating, historical loss experience, adverse situations affecting individual loans, the estimated disposition value of the underlying collateral, and the level of risk sharing. We regularly monitor the specific reserves and update loss estimates as current information is received.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Capitalized Mortgage Servicing Rights.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We recognize, as separate assets, rights to service mortgage loans for others, including such rights that are created by the origination of mortgage loans that are sold with the servicing rights retained by the originator. Income from MSRs is recognized when we record a derivative asset upon the commitment to originate a loan with a borrower and sell the loan to an investor. This commitment asset is recognized at fair value based on our internal medel, which reflects the estimated fair value of the discounted expected net cash flows associated with the servicing of the loan. When a mortgage loan is sold, we retain the right to service the loan and recognize the MSR at the initial capitalized valuation. We amortize MSRs using the amortization method, which requires the MSRs to be amortized over the period of estimated net servicing income or loss and that the servicing assets or liabilities be assessed for impairment, or increased obligation, based on the fair value at each reporting date. Amortization of MSRs is recorded as a reduction of servicing revenues, net in the consolidated statements of income. The following assumptions were used in calculating each loan's MSR for the periods presented:</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-size:10pt;text-decoration:underline;">Key rates:</font><font style="display:inline;font-family:Times;font-size:10pt;"> We used discount rates ranging from 8% to 15%, representing a weighted average discount rate of 13%, based on our best estimate of market discount rates to determine the present value of MSRs. The inflation rate used for adequate compensation was 3%.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-size:10pt;text-decoration:underline;">Servicing Cost:</font><font style="display:inline;font-family:Times;font-size:10pt;"> The estimated future cost to service the loan for the estimated life of the MSR is subtracted from the estimated future cash flows.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-size:10pt;text-decoration:underline;">Estimated Life:</font><font style="display:inline;font-family:Times;font-size:10pt;"> We estimate the life of our MSRs based upon the stated yield maintenance and/or prepayment protection term of the underlying loan and may be reduced by 6 to 12 months based upon the expiration of various types of prepayment penalty and/or lockout provisions prior to that stated maturity date.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> MSRs are initially recorded at fair value and are carried at amortized cost. Fair values are estimated considering market prices for similar MSRs, when available, and by estimating the present value of the future net cash flows of the capitalized MSRs, net of adequate compensation for servicing. Adequate compensation is based on the market rate of similar servicing contracts. We estimate the terms of commercial servicing for each loan by assuming that servicing would not end prior to the yield maintenance date, if applicable, at which point the prepayment penalty expires. MSRs are amortized in proportion to and over the period of estimated net servicing income. We engage an independent third party to assist in determining an estimated fair value of our MSR portfolio on a quarterly basis.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We evaluate the MSR portfolio for impairment on a quarterly basis based on the difference between the aggregate carrying amount of the MSRs and their aggregate fair value. We engage an independent third-party valuation expert to assist in determining an estimated fair value of our MSR portfolio. For purposes of impairment evaluation, the MSRs are stratified based on predominant risk characteristics of the underlying loans, which we have identified as loan type, note rate and yield maintenance provisions. To the extent that the carrying value of the MSRs exceeds fair value, a valuation allowance is established.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We record write-offs of MSRs related to loans that were repaid prior to their expected maturity and loans that have defaulted and determined to be unrecoverable. When this occurs, the write-off is recorded as a direct write-down to the carrying value of MSRs and is included as a component of servicing revenue, net in the consolidated statements of income. This direct write-down permanently reduces the carrying value of the MSRs, precluding recognition of subsequent recoveries.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Real Estate Owned and Held-For-Sale.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Real estate acquired is recorded at its estimated fair value at the time of acquisition and is shown net of accumulated depreciation and impairment charges. Costs incurred in connection with the acquisition of a property are expensed as incurred.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We allocate the purchase price of our real estate acquisitions to land, building, tenant improvements, origination asset of the in-place leases, intangibles for the value of any above or below market leases at fair value and to any other identified intangible assets or liabilities. We finalize our purchase price allocation on these assets within one year of the acquisition date. We amortize the value allocated to in-place leases over the remaining lease term, which is reported in depreciation and amortization expense on our consolidated statements of income. The value allocated to above or below market leases are amortized over the remaining lease term as an adjustment to rental income.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate assets are depreciated using the straight-line method over their estimated useful lives. Ordinary repairs and maintenance which are not reimbursed by the tenants are expensed as incurred. Major replacements and betterments which improve or extend the life of the asset are capitalized and depreciated over their estimated useful life.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Our properties are reviewed for impairment each quarter, if events or circumstances change indicating that the carrying amount of an asset may not be recoverable. We recognize impairment if the undiscounted estimated cash flows to be generated by an asset is less than the carrying amount of such asset. Measurement of impairment is based on the asset's estimated fair value. In the evaluation of a property for impairment, many factors are considered, including estimated current and expected operating cash flows from the property during the projected holding period, costs necessary to extend the life or improve the asset, expected capitalization rates, projected stabilized net operating income, selling costs, and the ability to hold and dispose of the asset in the ordinary course of business. Impairment charges may be necessary in the event discount rates, capitalization rates, lease-up periods, future economic conditions, and other relevant factors vary significantly from those assumed in valuing the property.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Real estate is classified as held-for-sale when we commit to a plan of sale, the asset is available for immediate sale, there is an active program to locate a buyer, and it is probable the sale will be completed within one year. Real estate assets that are expected to be disposed of are valued at the lower of the asset's carrying amount or its fair value less costs to sell.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We recognize sales of real estate properties upon closing. Payments received from purchasers prior to closing are recorded as deposits. Gain on real estate sold is recognized using the full accrual method when the collectability of the sale price is reasonably assured and we are not obligated to perform significant activities after the sale. A gain may be deferred in whole or in part until collectability of the sales price is reasonably assured and the earnings process is complete.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Investments in Equity Affiliates.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We invest in joint ventures that are formed to invest in real estate related assets or businesses. These joint ventures are not majority owned or controlled by us, or are VIEs for which we are the primary beneficiary, and are not consolidated in our financial statements. These investments are recorded under either the equity or cost method of accounting as deemed appropriate. We evaluate these investments for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may not be recoverable. We recognize an impairment loss if the estimated fair value of the investment is less than its carrying amount and we determine that the impairment is other-than-temporary. We record our share of the net income and losses from the underlying properties of our equity method investments and any other-than-temporary impairment on these investments on a single line item in the consolidated statements of income as income or losses from equity affiliates.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Goodwill and Other Intangible Assets.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Significant judgement is required to estimate the fair value of intangible assets and in assigning their estimated useful lives. Accordingly, we typically seek the assistance of independent third party valuation specialists for significant intangible assets. The fair value estimates are based on available historical information and on future expectations and assumptions we deem reasonable.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We generally use an income based valuation method to estimate the fair value of intangible assets, which discounts expected future cash flows to present value using estimates and assumptions we deem reasonable. For intangible assets related to acquired technology, we use the replacement cost method to determine fair value.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Determining the estimated useful lives of intangible assets also requires judgment. Certain intangible assets, such as GSE licenses, have been deemed to have indefinite lives while other intangible assets, such as broker and borrower relationships, above/below market rent and acquired technology have been deemed to have finite lives. Our assessment as to which intangible assets are deemed to have finite or indefinite lives is based on several factors including economic barriers of entry for the acquired product lines, scarcity of available GSE licenses, technology life cycles, retention trends and our operating plans, among other factors.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Goodwill and indefinite-lived intangible assets are not amortized, while finite-lived intangible assets are amortized over the estimated useful lives of the assets on a straight-line basis. Indefinite-lived intangible assets, including goodwill, are tested for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. In addition, with respect to goodwill, an impairment analysis is performed at least annually. We have elected to make the first day of our fiscal fourth quarter the annual impairment assessment date for goodwill. We first assess qualitative factors to determine whether it is more likely than not that the fair value is less than the carrying value. If, based on that assessment, we believe it is more likely than not that the fair value is less than the carrying value, then a two-step goodwill impairment test is performed. Based on the impairment test performed as of October 1, 2016, there was no indication that the indefinite-lived intangible assets, including goodwill, was impaired and there were no events or changes in circumstances indicating impairment at December 31, 2016.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Business Combinations.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Business combinations are accounted for under the acquisition method of accounting, under which the purchase price is allocated to the fair value of the assets acquired and liabilities assumed at the acquisition date. The excess of the purchase price over the amount allocated to the assets acquired and liabilities assumed is recorded as goodwill. Adjustments to the assets acquired and liabilities assumed made during the measurement period are recorded in the period in which the adjustment is identified, with a corresponding adjustment to goodwill. If any adjustments are made subsequent to the measurement period, which could be up to one year after the acquisition date, these adjustments are recorded to the consolidated statements of income. Acquisition related costs are expensed as incurred.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Hedging Activities and Derivatives.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We measure derivative instruments at fair value and record them as assets or liabilities. Fair value adjustments will affect either accumulated other comprehensive income (loss) until the hedged item is recognized in earnings, or net income depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity. We use derivatives for hedging purposes rather than trading or speculation. Fair values are estimated based on current market data from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles and reasonable estimates about relevant future market conditions.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. These derivative instruments must be effective in reducing risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative instrument matures or is settled. Any derivative instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in earnings. In cases where a derivative instrument is terminated early, any gain or loss is generally amortized over the remaining life of the hedged item. We may also enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. The ineffective portion of a derivative's change in fair value is recognized immediately in earnings.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with our interest rate risk management, we may hedge a portion of our interest rate risk by entering into derivative instrument contracts. Specifically, our derivative instruments are used to manage differences in the amount, timing, and duration of our expected cash receipts and our expected cash payments principally related to our investments and borrowings. Our objectives in using interest rate derivatives are to add stability to interest income and to manage our exposure to interest rate movements. To accomplish this objective, we have used interest rate swaps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We have also financed the purchase of RMBS investments through repurchase agreements with the same counterparties, which qualified as linked transactions and were accounted for as forward contract derivatives. Linked transactions are not designated as hedging instruments and, as a result, the change in the fair value and net interest income from linked transactions are reported in other income, net in the consolidated statements of income. We sold our RMBS investments during 2014.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Our rate lock and forward sales commitments associated with the Agency Business meet the definition of a derivative and are recorded at fair value. The estimated fair value of rate lock commitments includes the effects of interest rate movements as well as the fair value of the expected net cash flows associated with the servicing of the loan which is recorded as income from MSRs in the consolidated statements of income. The estimated fair value of forward sale commitments includes the effects of interest rate movements between the trade date and balance sheet date. Adjustments to the fair value are reflected as a component of other income, net in the consolidated statements of income.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Revenue Recognition.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Interest income is recognized on the accrual basis as it is earned. In certain instances, the borrower pays an additional amount of interest at the time the loan is closed, an origination fee, a prepayment fee and/or deferred interest upon maturity. In some cases, interest income may also include the amortization or accretion of premiums and discounts arising from the purchase or origination of the loan or security. This additional income, net of any direct loan origination costs incurred, is deferred and accreted into interest income on an effective yield or "interest" method adjusted for actual prepayment activity over the life of the related loan or security as a yield adjustment. Income recognition is suspended for loans when, in our opinion, a full recovery of all contractual principal is not probable. Income recognition is resumed when the loan becomes contractually current and performance is resumed. We record interest income on certain impaired loans to the extent cash is received, as the borrower continues to make interest payments. We record loan loss reserves related to these loans when it is deemed that full recovery of principal and accrued interest is not probable.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Several of our loans provide for accrual of interest at specified rates, which differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to our determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the asset. If we cannot make this determination, interest income above the current pay rate is recognized only upon actual receipt.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Given the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve, based on contractual requirements, to cover debt service costs. We will analyze these interest reserves on a periodic basis and determine if any additional interest reserves are needed. Recognition of income on loans with funded interest reserves are accounted for in the same manner as loans without funded interest reserves. We do not recognize interest income on loans in which the borrower has failed to make the contractual interest payment due or has not replenished the interest reserve account. Income from non-performing loans is generally recognized on a cash basis only to the extent it is received. Full income recognition will resume when the loan becomes contractually current and performance has recommenced.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> Additionally, interest income is recorded when earned from equity participation interests, referred to as equity kickers. These equity kickers have the potential to generate additional revenues to us as a result of excess cash flow distributions and/or as appreciated properties are sold or refinanced.</font>
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<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Gain on sales, including fee-based services, net</font><font style="display:inline;font-family:Times;font-size:10pt;">—Gain on sales, including fee-based services, net includes commitment fees, broker fees, loan assumption fees, loan origination fees and gains on sale of loans of our Agency Business. In some instances, the borrower pays an additional amount of interest at the time the loan is closed, an origination fee, net of any direct loan origination costs incurred, which is recognized upon the sale of the loan. Revenue recognition occurs when the related services are performed, unless significant contingencies exist, and for the sale of loans, when all the incidence of ownership passes to the buyer. Interest income is recognized on the accrual basis as it is earned from loans held-for-sale.</font>
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<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Property operating income</font><font style="display:inline;font-family:Times;font-size:10pt;">—Property operating income represents income associated with the operations of commercial real estate properties classified as real estate owned. We recognize revenue for these activities when the fees are fixed or determinable, or are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
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<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Other income, net</font><font style="display:inline;font-family:Times;font-size:10pt;">—Other income, net represents loan structuring, modification, defeasance, and miscellaneous asset management fees associated with our loan and investment portfolio, as well as changes in the fair value of certain derivatives and net interest income and gains and losses recorded on linked transactions that were sold during 2014. We recognize these forms of income when the fees are fixed or determinable, are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Stock-Based Compensation.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We have granted certain of our employees, directors, and employees of our Manager, stock awards consisting of shares of our common stock that vest immediately or annually over a multi-year period, subject to the recipient's continued service to us. We record stock-based compensation expense at the grant date fair value of the related stock-based award with subsequent remeasurement for any unvested shares granted to non-employees with such amounts expensed against earnings, at the grant date (for the portion that vests immediately) or ratably over the respective vesting periods. Dividends are paid on restricted stock as dividends are paid on shares of our common stock whether or not they are vested. Stock-based compensation is disclosed in our consolidated statements of income under "employee compensation and benefits" for employees and under "selling and administrative" expense for non-employees.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Income Taxes.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We organize and conduct our operations to qualify as a REIT and to comply with the provisions of the Internal Revenue Code with respect thereto. A REIT is generally not subject to federal income tax on its REIT-taxable income that it distributes to its stockholders, provided that it distributes at least 90% of its REIT-taxable income and meets certain other requirements. Certain REIT income may be subject to state and local income taxes.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The Agency Business mainly operates through a TRS, which is a part of our TRS Consolidated Group and may be subject to U.S. federal, state and local income taxes. In general, our TRS entities may hold assets that the REIT cannot hold directly and may engage in real estate or non-real estate-related business. Current and deferred taxes are recorded on the portion of earnings (losses) recognized by us with respect to our interest in TRSs. Deferred income tax assets and liabilities are calculated based on temporary differences between our GAAP consolidated financial statements and the federal, state, local tax basis of assets and liabilities as of the consolidated balance sheets. We evaluate the realizability of our deferred tax assets (e.g., net operating loss and capital loss carryforwards) and recognize a valuation allowance if, based on the available evidence, it is more likely than not that some portion or all of our deferred tax assets will not be realized. When evaluating the realizability of our deferred tax assets, we consider estimates of expected future taxable income, existing and projected book/tax differences, tax planning strategies available and the general and industry specific economic outlook.</font>
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<font style="display:inline;font-family:Times;font-size:10pt;"> We periodically evaluate tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. We report interest and penalties related to tax uncertainties as a component of the income tax provision.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Earnings Per Share.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We present both basic and diluted earnings per share ("EPS"). Basic EPS excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS amount.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Comprehensive Income.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We divide comprehensive income or loss into net income and comprehensive income. Comprehensive income includes unrealized gains and losses on available-for-sale securities and derivative instruments that qualify as hedges.</font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Recently Adopted Accounting Pronouncements</font>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2015-06, Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments. This ASU amended the guidance on measurement-period adjustments arising from business combinations.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance did not have an impact on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In February 2015, the FASB issued ASU 2015-02, Consolidation: Amendments to the Consolidation Analysis. This ASU amended the guidance on the consolidation analysis related to VIEs.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance did not have a material impact on our consolidated financial statements. See Note 17—Variable Interest Entities for further details.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Recently Issued Accounting Pronouncements</font>
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<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Description</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effective Date</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effect on Financial Statements</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment. This ASU eliminates step two from the goodwill impairment test, which measures a goodwill impairment loss by comparing the implied fair value with the carrying amount of goodwill.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2020 with early adoption permitted beginning in the first quarter of 2017.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business. This ASU provides a more robust framework to use in determining when a set of assets and activities constitutes a business. It also provides more consistency in applying the guidance, reduces the costs of application and makes the definition of a business more operable.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The potential impact of this new guidance will be assessed for future acquisitions or dispositions, but it is not expected to have a material impact on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash. This ASU requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated statement of cash flows.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In October 2016, the FASB issued ASU 2016-17, Consolidation: Interests Held through Related Parties That Are under Common Control. This ASU alters how a decision maker needs to consider indirect interests in a VIE held through an entity under common control and simplifies that analysis to require consideration of only an entity's proportionate indirect interest in a VIE held through a common control party. The guidance amends ASU 2015-02, which we adopted in the first quarter of 2016.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory. This ASU was issued to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted and should be applied on a modified retrospective basis.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments. This ASU provides eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 and requires adoption on a retrospective basis.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated statement of cash flows.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments. This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Entities will be required to use forward-looking information to better form their credit loss estimates. This ASU also requires enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2020 with early adoption permitted beginning in the first quarter of 2019.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment award transactions, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2017.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance will not have a material impact on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In March 2016, the FASB issued ASU 2016-07, Investments—Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting. This ASU, among other things, eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods the investment was held.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2017.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance will not have a material impact on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In February 2016, the FASB issued ASU 2016-02, Leases: Presentation of Comprehensive Income. This ASU requires recognition of balance sheet assets and liabilities for leases with terms of more than 12 months and disclosure of key information about an entity's leasing arrangements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2019 with early adoption permitted and a modified retrospective approach is required.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This ASU requires equity investments (except those accounted for under the equity method or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. This ASU also eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated financial statements.</font></p>
</td>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Beginning in May 2014, the FASB has issued several amendments to its guidance surrounding revenue recognition. Together, among other things, the amended guidance introduces a new framework for a single comprehensive model that can be used when accounting for revenue and supersedes most current revenue recognition guidance, including that which pertains to specific industries. The core principle states that an entity should recognize revenue to depict the transfer of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for such goods and services. It also requires expanded quantitative and qualitative disclosures that will enable financial statement users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Most revenue associated with financial instruments, including interest and loan origination fees, along with gains and losses on investment securities, derivatives and sales of financial instruments are excluded from the scope of the guidance.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 and permits the use of either the full retrospective or modified retrospective method.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated financial statements and our method of adoption.</font></p>
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Supplementary Pro Forma Information </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenues</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>294,472,561
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,429,078
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to noncontrolling interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,744,223
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,447,048
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,880,055
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,166,192
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Diluted earnings per common share</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.18
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
7.29
6.50
7.29
272429078
294472561
3133681
3100000
10261902
10261902
9600000
9700000
275800000
275800000
292527823
138000000
154772306
50000000
50000000
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 3—Acquisition of Our Manager's Agency Platform</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On July 14, 2016, we completed the previously announced Acquisition pursuant to an asset purchase agreement ("Purchase Agreement") dated February 25, 2016. The aggregate purchase price was $275.8 million, which was paid with $138.0 million in stock, $87.8 million in cash and with the issuance of a $50.0 million seller financing instrument. The equity component of the purchase price was paid with 21,230,769 OP Units, which was based on a stock price of $6.50 per share. The closing price of our common stock on the Acquisition date was $7.29 per share; therefore, the estimated fair value of the total consideration given to our Manager was $292.5 million. Each of these OP Units are paired with one share of our Special Voting Preferred Shares, which provides ACM with one vote per share on any matter submitted to a vote of our stockholders. The OP Units are entitled to receive distributions if and when our Board of Directors authorizes and declares future common stock distributions. The OP Units are also redeemable for cash, or at our option, for shares of our common stock on a one-for-one basis. See Note 12—Debt Obligations for further details about the seller financing and Note 18—Equity for further details about the OP Units.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> All ACM employees directly related to the Agency Business (approximately 235) have become our employees as of the Acquisition date. In addition, pursuant to the Purchase Agreement, we have an option, expiring in July 2018, to purchase the existing management agreement and fully internalize our management structure for $25.0 million (increasing to $27.0 million after July 2017). The exercise of this option is at the discretion of the special committee of our Board of Directors, which has no obligation to exercise its option.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We performed a preliminary allocation of the purchase price to the underlying assets acquired and liabilities assumed based on their estimated fair values as of the Acquisition date, with the excess of the purchase price allocated to goodwill. We have not finalized the analysis of certain acquired assets and liabilities assumed. However, we are continuing our review of these items during the measurement period and any further changes to the preliminary purchase price allocation will be recognized as the valuations are finalized, which could change the amount of the purchase price allocated to goodwill. During the fourth quarter of 2016, we determined that the estimated fair value associated with certain accrued liabilities assumed were overstated, which resulted in a reduction to goodwill of $1.0 million. The preliminary purchase price allocations at December 31, 2016 are summarized as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Purchase Price:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Issuance of 21,230,769 OP Units at $7.29 per share<br />(based on the closing stock price at the Acquisition date)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>154,772,306
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash on hand</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,755,517
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Borrowings from seller financing—related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total consideration</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>292,527,823
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Allocated to:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,982,584
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Restricted cash</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>424,796,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,908,283
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalized mortgage servicing rights</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221,647,421
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fixed assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,216,972
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,752,173
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Finite-lived intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,310,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Infinite-lived intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Credit facilities and repurchase agreements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(420,889,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loss-sharing obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,616,821
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,326,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Goodwill</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,747,381
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net assets acquired</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>292,527,823
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with the Acquisition, we recorded goodwill as a result of the total consideration exceeding the fair value of the assets acquired and liabilities assumed. The Goodwill was attributed to our Agency Business as it relates to the assets we acquired in the Acquisition. See Note 11—Goodwill and Other Intangible Assets for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The total revenues and pre-tax income associated with the Agency Business from the date of Acquisition, which is included in the consolidated statements of income for 2016, were $85.6 million and $41.8 million, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following unaudited pro forma financial information presents the revenues and earnings of the combined entity, as if the Acquisition occurred as of January 1, 2015. The unaudited pro forma financial information is not intended to represent or be indicative of the consolidated financial results of operations that would have been reported had the Acquisition been completed as of January 1, 2015 and should not be taken as indicative of our future consolidated results of operations.</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Supplementary Pro Forma Information </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenues</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>294,472,561
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,429,078
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to noncontrolling interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,744,223
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,447,048
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,880,055
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,166,192
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Diluted earnings per common share</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.18
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with the Acquisition, we incurred legal and advisory fees totaling $10.3 million during 2016 and $14.7 million in total.</font>
</p><div /></div> </div>
7982584
29000000
44310000
34326602
10752173
5216972
292527823
<div> <div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Business Combinations.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Business combinations are accounted for under the acquisition method of accounting, under which the purchase price is allocated to the fair value of the assets acquired and liabilities assumed at the acquisition date. The excess of the purchase price over the amount allocated to the assets acquired and liabilities assumed is recorded as goodwill. Adjustments to the assets acquired and liabilities assumed made during the measurement period are recorded in the period in which the adjustment is identified, with a corresponding adjustment to goodwill. If any adjustments are made subsequent to the measurement period, which could be up to one year after the acquisition date, these adjustments are recorded to the consolidated statements of income. Acquisition related costs are expensed as incurred.</font>
</p><div /></div> </div>
60389552
50417745
188708687
138645430
35489396
103156034
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Cash and Cash Equivalents.</font><font style="display:inline;font-family:Times;font-size:10pt;"> All highly liquid investments with original maturities of three months or less are considered to be cash equivalents. We place our cash and cash equivalents in high quality financial institutions. The consolidated account balances at each institution periodically exceed Federal Deposit Insurance Corporation (FDIC) insurance coverage and we believe that this risk is not significant.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 16—Commitments and Contingencies</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Agency Business Commitments.</font><font style="display:inline;font-family:Times;font-size:10pt;"> The Agency Business is subject to supervision by certain regulatory agencies. Among other things, these agencies require us to meet certain minimum net worth, operational liquidity and restricted liquidity collateral requirements, and compliance with reporting requirements. Our adjusted net worth and liquidity required by the agencies for all periods presented exceeded these requirements.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, we were required to maintain at least $10.8 million of liquid assets in one of our subsidiaries to meet our operational liquidity requirements for Fannie Mae and we had operational liquidity in excess of this requirement.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We are generally required to share the risk of any losses associated with loans sold under the Fannie Mae DUS program and are required to secure this obligation by assigning restricted cash balances and/or a letter of credit to Fannie Mae. The amount of collateral required by Fannie Mae is a formulaic calculation at the loan level by a Fannie Mae assigned tier which considers the loan balance, risk level of the loan, age of the loan and level of risk-sharing. Fannie Mae requires restricted liquidity for Tier 2 loans of 75 basis points, 15 basis points for Tier 3 loans and 5 basis points for Tier 4 loans, which is funded over a 48-month period that begins upon delivery of the loan to Fannie Mae. A significant portion of our Fannie Mae DUS serviced loans for which we have risk sharing are Tier 2 loans. As of December 31, 2016, we met the restricted liquidity requirement with a $25.0 million letter of credit and $13.1 million of cash collateral.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, reserve requirements for the Fannie Mae DUS loan portfolio will require us to fund $22.5 million in additional restricted liquidity over the next 48 months, assuming no further principal paydowns, prepayments, or defaults within our at-risk portfolio. Fannie Mae periodically reassesses these collateral requirements and may make changes to these requirements in the future. We generate sufficient cash flow from our operations to meet these capital standards and do not expect any changes to have a material impact on our future operations; however, future changes to collateral requirements may adversely impact our available cash.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We are subject to various capital requirements in connection with seller/servicer agreements that we have entered into with secondary market investors. Failure to maintain minimum capital requirements could result in our inability to originate and service loans for the respective investor and, therefore, could have a direct material effect on our consolidated financial statements. As of December 31, 2016, we met all of Fannie Mae's quarterly capital requirements and our Fannie Mae adjusted net worth was in excess of the required net worth. We are not subject to capital requirements on a quarterly basis for Ginnie Mae or FHA, as such requirements for these investors are only required on an annual basis.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As an approved designated seller/servicer under Freddie Mac's SBL Program, we are required to post collateral to ensure that we are able to meet certain purchase and loss obligations required by this program. Under the SBL Program, we are required to post collateral equal to $5.0 million, which we utilize letters of credit to fund. At December 31, 2016, we had an outstanding letter of credit of $5.0 million in satisfaction of our requirements under this program.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> See Note 12—Debt Obligations for details about the $30.0 million letter of credit agreement we entered into for our restricted cash requirements for the Fannie Mae DUS and Freddie Mac SBL Programs.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We enter into contractual commitments with borrowers providing rate lock commitments while simultaneously entering into forward sale commitments with investors. These commitments are outstanding for short periods of time (generally less than 60 days) and are described in Note 14—Derivative Financial Instruments and Note 15—Fair Value.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Debt Obligations and Operating Leases.</font><font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, the maturities of our debt obligations and the minimum annual operating lease payments under leases with a term in excess of one year, were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Obligations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Minimum Annual<br />Operating Lease<br />Payments(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>836,398,004
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082,615
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>839,480,619
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>390,321,819
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,594,219
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>393,916,038
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>274,608,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,325,682
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,934,182
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,601,875
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,875,983
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>233,477,858
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>160,360,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,464,918
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161,824,943
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,664,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>183,522,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,068,148,223
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,007,745
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,090,155,968
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents office leases assumed in connection with the Acquisition.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Unfunded Commitments.</font><font style="display:inline;font-family:Times;font-size:10pt;"> In accordance with certain loans and investments, we have outstanding unfunded commitments of $48.1 million as of December 31, 2016 that we are obligated to fund as borrowers meet certain requirements. Specific requirements include, but are not limited to, property renovations, building construction and conversions based on criteria met by the borrower in accordance with the loan agreements.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Litigation.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We currently are neither subject to any material litigation nor, to our knowledge, are any material litigation currently threatened against us other than the following:</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On June 15, 2011, three related lawsuits were filed by the Extended Stay Litigation Trust (the "Trust"), a post-bankruptcy litigation trust alleged to have standing to pursue claims that previously had been held by Extended Stay, Inc. and the Homestead Village L.L.C. family of companies (together "ESI") (formerly Chapter 11 debtors, together the "Debtors") that have emerged from bankruptcy. Two of the lawsuits were filed in the U.S. Bankruptcy Court for the Southern District of New York, and the third in the Supreme Court of the State of New York, New York County. There were 73 defendants in the three lawsuits, including 55 corporate and partnership entities and 18 individuals. A subsidiary of ours and certain other entities that are affiliates of ours are included as defendants. The New York State Court action has been removed to the Bankruptcy Court. Our affiliates filed a motion to dismiss the three lawsuits.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The lawsuits all allege, as a factual basis and background certain facts surrounding the June 2007 leveraged buyout of ESI from affiliates of Blackstone Capital. Our subsidiary, Arbor ESH II, LLC, had a $115.0 million investment in the Series A1 Preferred Units of a holding company of Extended Stay, Inc. The New York State Court action and one of the two federal court actions name as defendants, Arbor ESH II, LLC, Arbor Commercial Mortgage, LLC and ABT-ESI LLC, an entity in which we have a membership interest, among the broad group of defendants. These two actions were commenced by substantially identical complaints. The defendants are alleged in these complaints, among other things, to have breached fiduciary and contractual duties by causing or allowing the Debtors to pay illegal dividends or other improper distributions of value at a time when the Debtors were insolvent. These two complaints also allege that the defendants aided and abetted, induced, or participated in breaches of fiduciary duty, waste, and unjust enrichment ("Fiduciary Duty Claims") and name a director of ours, and a former general counsel of Arbor Commercial Mortgage, LLC, each of whom had served on the Board of Directors of ESI for a period of time. We are defending these two defendants and paying the costs of such defense. On the basis of the foregoing allegations, the Trust has asserted claims under a number of common law theories, seeking the return of assets transferred by the Debtors prior to the Debtors' bankruptcy filing.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the third action, filed in Bankruptcy Court, the same plaintiff, the Trust, has named Arbor Commercial Mortgage, LLC and ABT-ESI LLC, together with a number of other defendants and asserts claims, including constructive and fraudulent conveyance claims under state and federal statutes, as well as a claim under the Federal Debt Collection Procedure Act.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> On June 28, 2013, the Trust filed a motion to amend the lawsuits, to, among other things, (i) consolidate the lawsuits into one lawsuit, (ii) remove 47 defendants, none of whom are related to us, from the lawsuits so that there are 26 remaining defendants, including 16 corporate and partnership entities and 10 individuals, and (iii) reduce the counts within the lawsuits from over 100 down to 17. The remaining counts in the amended complaint against our affiliates are principally state law claims for breach of fiduciary duties, waste, unlawful dividends and unjust enrichment, and claims under the Bankruptcy Code for avoidance and recovery actions, among others. The bankruptcy court granted the motion and the amended complaint has been filed. The amended complaint seeks approximately $139.0 million in the aggregate, plus interest from the date of the alleged unlawful transfers, from director designees, portions of which are also sought from our affiliates as well as from unaffiliated defendants. We have moved to dismiss the referenced actions and intend to vigorously defend against the claims asserted therein. During a status conference held on March 18, 2014, the Court heard oral argument on the motion to dismiss and adjourned the case pending a ruling. Subsequent to that hearing, a new judge was assigned to the case and, in November 2016, the new judge entered an order directing the parties to file supplemental briefs addressing new cases decided since the last round of briefing. Oral arguments regarding the motion to dismiss were heard at a hearing held on January 25, 2017. The Court reserved decision at that hearing.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have not made a loss accrual for this litigation because we believe that it is not probable that a loss has been incurred and an amount cannot be reasonably estimated.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Due to Borrowers.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Due to borrowers represents borrowers' funds held by us to fund certain expenditures or to be released at our discretion upon the occurrence of certain pre-specified events, and to serve as additional collateral for borrowers' loans. While retained, these balances earn interest in accordance with the specific loan terms they are associated with.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
0.15
0.15
0.16
0.16
0.17
0.01
0.01
500000000
500000000
50962516
51401295
50962516
51401295
509625
514013
12883396
103617493
63256114
67642760
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Comprehensive Income.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We divide comprehensive income or loss into net income and comprehensive income. Comprehensive income includes unrealized gains and losses on available-for-sale securities and derivative instruments that qualify as hedges.</font>
</p><div /></div> </div>
0.22
0.14
0.14
0.34
0.12
0.16
0.15
0.14
0.25
0.13
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Principles of Consolidation</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accompanying consolidated financial statements include our financial statements and the financial statements of our wholly owned subsidiaries, partnerships and other joint ventures in which we own a controlling interest, including variable interest entities ("VIEs") of which we are the primary beneficiary. Entities in which we have a significant influence are accounted for under the equity method. See Note 17—Variable Interest Entities for information about our VIEs. All significant inter-company transactions and balances have been eliminated in consolidation.</font>
</p><div /></div> </div>
2090155968
183522328
161824943
233477858
839480619
393916038
277934182
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">As of December 31, 2016, the maturities of our debt obligations and the minimum annual operating lease payments under leases with a term in excess of one year, were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Obligations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Minimum Annual<br />Operating Lease<br />Payments(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>836,398,004
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,082,615
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>839,480,619
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>390,321,819
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,594,219
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>393,916,038
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>274,608,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,325,682
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,934,182
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>230,601,875
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,875,983
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>233,477,858
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>160,360,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,464,918
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>161,824,943
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,664,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>183,522,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,068,148,223
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,007,745
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,090,155,968
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents office leases assumed in connection with the Acquisition.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
2280000
80660038
80660038
86586375
86586375
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 9—Investments in Equity Affiliates</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We account for all investments in equity affiliates under the equity method. The following is a summary of our investments in equity affiliates:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investments in Equity<br />Affiliates at</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Equity Affiliates </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB of Loans to<br />Equity Affiliates at<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Arbor Residential Investor LLC</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,917,457
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,923,679
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">West Shore Café</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,050,347
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,955,933
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,687,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Lightstone Value Plus REIT L.P. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Issuers of Junior Subordinated Notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">JT Prime</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">East River Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,222
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,796
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,705,938
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Lexford Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,948,853
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,870,235
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,393,438
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Arbor Residential Investor LLC ("ARI")</font><font style="display:inline;font-family:Times;font-size:10pt;">—In 2015, we invested $9.6 million for 50% of our Manager's indirect interest in a joint venture with a third party that was formed to invest in a residential mortgage banking business. As a result of this transaction, we had an initial indirect interest of 22.5% in the mortgage banking business, which is subject to dilution upon attaining certain profit hurdles of the business, and at December 31, 2016, our indirect interest was 16.3%. During 2016 and 2015, we recorded $9.5 million and $6.6 million, respectively, of income from equity affiliates in our consolidated statements of income related to this investment.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2015, we invested $1.7 million through ARI for a 50% non-controlling interest in a joint venture that invests in non-qualified residential mortgages purchased from the mortgage banking business's origination platform. We also funded $7.9 million and $5.9 million of additional mortgage purchases during 2015 and 2016, respectively. During 2016, we received cash distributions totaling $13.0 million as a result of the joint venture selling most of its mortgage assets, which were classified as returns of capital. During 2016 and 2015, we recorded income of $0.5 million and less than $0.1 million, respectively, to income from equity affiliates in our consolidated statements of income related to this investment.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">West Shore Café</font><font style="display:inline;font-family:Times;font-size:10pt;">—We own a 50% noncontrolling interest in the West Shore Lake Café, a restaurant/inn lakefront property in Lake Tahoe, California. In the second quarter of 2014, we provided a $1.7 million first mortgage loan to an affiliated entity to acquire property adjacent to the original property, which matures in May 2017, with two one-year extension options, and bears interest at LIBOR plus 4.00%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Lightstone Value Plus REIT L.P. / JT Prime</font><font style="display:inline;font-family:Times;font-size:10pt;">—We own a $1.9 million interest in an unconsolidated joint venture that holds common operating partnership units of Lightstone Value Plus REIT L.P. ("Lightstone"). The joint venture owned $56.0 million of preferred and common operating partnership units of Lightstone and had debt of $50.2 million, in which we had a two thirds interest in a consolidated entity. In 2013, our portion of the preferred operating partnership units were redeemed, the note related to our portion was repaid in full and the entity was deconsolidated. We also own a 50% non-controlling interest in an unconsolidated joint venture, JT Prime, which holds common operating partnership units of Lightstone at a carrying value of $0.4 million. During 2016, 2015 and 2014, we recorded $0.2 million in each year to income from equity affiliates in our consolidated statements of income related to these investments.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Issuers of Junior Subordinated Notes</font><font style="display:inline;font-family:Times;font-size:10pt;">—We have invested $0.6 million for 100% of the common shares of two affiliated entities of ours. These entities pay dividends on both the common and preferred securities on a quarterly basis at variable rates based on three-month LIBOR. See Note 12—Debt Obligations for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">East River Portfolio</font><font style="display:inline;font-family:Times;font-size:10pt;">—We invested $0.1 million for a 5% interest in a joint venture that owns two multifamily properties. The joint venture is comprised of a consortium of investors consisting of certain of our officers, including Mr. Kaufman, and other related parties, who together own an interest of 95%. In 2014, we originated two bridge loans totaling $5.0 million to the joint venture with an interest rate of 5.5% over one-month LIBOR and a maturity date extended as of right to September 2016. During the third quarter of 2016, one of the loans was repaid in full and we received proceeds of $3.3 million, which was allocated to the consortium of investors, and the remaining loan was extended as of right to March 2017. See Note 20—Agreements and Transactions with Related Parties for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Lexford Portfolio</font><font style="display:inline;font-family:Times;font-size:10pt;">—We, along with third party investors, made a $0.1 million equity investment into Lexford, a portfolio of multifamily assets. Our portion of this investment is a $44,000 noncontrolling interest. In 2016 and 2015, we received distributions from this equity investment and recognized income totaling $2.8 million and $4.5 million, net of expenses, respectively. The $4.5 million of income received in 2015 was comprised of income from equity affiliates of $5.5 million, partially offset by $1.0 million of expenses related to these distributions that were recorded in employee compensation and benefits. See Note 20—Agreements and Transactions with Related Parties for further details.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Summarized Financial Information</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The condensed combined balance sheets for our unconsolidated investments in equity affiliates are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="17" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Condensed Combined<br />Balance Sheets </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,256,703
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,342,458
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,599,161
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,898,316
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,931,044
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,829,360
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Real estate assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>360,412,435
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>601,712,728
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>962,125,163
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>348,192,978
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>625,456,344
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>973,649,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,940,356
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,022,270
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170,962,626
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,704,783
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,097,646
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>121,802,429
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>507,609,494
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,077,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,187,686,950
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,796,077
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>699,485,034
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Notes payable</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>380,468,153
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>703,752,280
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,084,220,433
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>338,946,607
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>706,019,020
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,044,965,627
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,328,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,389,734
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,718,571
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,883,116
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,181,720
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,064,836
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>393,796,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>720,142,014
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,113,939,004
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>348,829,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>726,200,740
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,075,030,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Stockholders' equity Arbor(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,917,458
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,453,395
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,370,853
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,923,679
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,368,556
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,292,235
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Stockholders' equity</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,895,046
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(44,517,953
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,377,093
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,042,675
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31,084,262
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,958,413
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total stockholders' equity</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,812,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(40,064,558
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,747,946
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76,966,354
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,715,706
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,250,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total liabilities and equity</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>507,609,494
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,077,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,187,686,950
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,796,077
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>699,485,034
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,125,281,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Combined with $0.6 million of equity relating to the issuance of junior subordinated notes, equals $33.9 million and $30.9 million of investments in equity affiliates at December 31, 2016 and 2015, respectively.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The condensed combined statements of operations for our unconsolidated investments in equity affiliates are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="26" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Statements of Operations: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">ARI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Rental income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,416,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,416,837
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,937,528
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95,937,528
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,192,393
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,192,393
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,726,231
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,984,747
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,956,751
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,215,267
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>258,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>195,905,426
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>195,905,426
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,567,280
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,364,475
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130,931,755
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,168,348
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,168,348
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Reimbursement income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,085,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,085,406
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,800,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,800,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,500,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>212,875
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,059,488
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,272,363
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>196,413
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,124,419
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,320,832
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,993,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,993,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total revenues</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>207,844,532
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>114,820,247
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322,664,779
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139,720,444
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,485,762
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>259,206,206
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,113,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>108,113,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,297,015
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,679,103
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,976,118
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101,164,636
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,608,330
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,772,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,266,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,266,385
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,331,036
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,687,227
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,018,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,823,727
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,943,108
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,766,835
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,032,580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,032,580
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,127,271
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,249,069
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,376,340
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>753,111
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,010,603
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,763,714
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,793,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,793,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,184
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,184
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,627,791
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,627,791
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>620,906
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>620,906
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,755,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,705,583
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>275,460,905
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111,741,474
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113,189,832
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,931,306
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,713,191
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119,713,191
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,089,210
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,885,336
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>47,203,874
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,978,970
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,295,930
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,274,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,599,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,599,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Arbor's share of income (loss)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,949,278
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,045,329
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,994,607
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,600,084
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,700,432
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,300,516
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,658
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,658
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
27857460
23237834
13501025
13501025
800000
-20062
298225
767673
-26037
415865
2357084
-5975
117640
1589411
500000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 12—Debt Obligations</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We utilize various forms of short-term and long-term financing agreements to finance certain of our loans and investments, as well as other general business needs. Borrowings underlying these arrangements are primarily secured by a significant amount of our loans and investments and substantially all of our loans held-for-sale.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Credit Facilities and Repurchase Agreements</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table outlines borrowings under our credit facilities and repurchase agreements:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Principal<br />Balance(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Principal<br />Balance(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Structured Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million repurchase facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,303,216
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106,051,080
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>183,827,574
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,270,774
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,610,463
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,641,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.70
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$100 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,897,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,598,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,850,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.96
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,582,200
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,328,863
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.62
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,989,732
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,703,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,158,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.94
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,852,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,766,445
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,470,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.59
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,285,625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,276,773
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,725,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.81
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$50 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,373,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.81
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,120,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,114,494
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.46
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$50 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,956,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,956,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,885,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.08
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$16.5 million term credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,431,870
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.22
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$3 million master security agreement</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,532,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,532,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,365,039
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>246,492,668
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,446,074
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.02
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>216,061,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Agency Business (assumed in the Acquisition)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$400 million multifamily ASAP agreement</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,556,962
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,556,962
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,556,962
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.65
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>268,571,797
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>268,530,211
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>268,571,797
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.05
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>210,138,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>210,009,449
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>210,138,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.05
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$100 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,047,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,047,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,047,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.95
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,315,159
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,144,122
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,315,159
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.96
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Consolidated total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,680,198
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>906,636,790
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,041,761,233
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.25
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
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<font style="display:inline;font-family:Times;font-size:7.5pt;">(1)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">The difference between debt principal balance and carrying value represents unamortized deferred finance costs.</font></p>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Structured Business.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We utilize credit facilities and repurchase agreements with various financial institutions to finance our Structured Business loans and investments as described below.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016 and 2015, the weighted average interest rate for the credit facilities and repurchase agreements of our Structured Business, noted in the above table, was 3.02% and 2.69%, respectively. Including certain fees and costs, such as structuring, commitment, non-use and warehousing fees, the weighted average interest rate was 3.42% at both December 31, 2016 and 2015. The leverage on our loans and investment portfolio, excluding the $3.0 million master security agreement used to finance leasehold improvements to our corporate office, was 64% at both December 31, 2016 and 2015. There were no interest rate swaps on these facilities at December 31, 2016 and 2015.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $150.0 million repurchase facility that bears interest at a rate of 225 basis points over LIBOR on senior mortgage loans, 350 basis points over LIBOR on junior mortgage loans and matures in October 2018 with a one-year extension option. If the estimated market value of the loans financed in this facility decrease, we may be required to pay down borrowings under this facility.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $100.0 million credit facility that bears interest at a rate of 215 basis points over LIBOR and matures in May 2017 with a one-year extension option, subject to certain conditions. The facility has a maximum advance rate of 75%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $75.0 million credit facility that bears interest at a rate of 212.5 basis points over LIBOR and includes a $25.0 million sublimit to finance healthcare related loans at an interest rate ranging from 225 basis points to 250 basis points over LIBOR depending on the type of healthcare facility financed. The facility has a maximum advance rate of 75%. In December 2016, the facility was extended for one year.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have another $75.0 million credit facility that bears interest at a rate of 200 basis points over LIBOR. The facility has a maximum advance rate of 70% to 75%, depending on the property type. In May 2016, the facility was extended for one year.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $50.0 million credit facility that bears interest at a rate of 200 basis points over LIBOR and has a maximum advance rate of 80%. In February 2016, we amended the facility, increasing the committed amount by $25.0 million to $50.0 million and extended the maturity for one year with two one-year automatic extensions, subject to certain conditions.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In September 2016, we entered into a $50.0 million credit facility that bears an interest rate ranging from 250 basis points to 325 basis points over LIBOR, depending on the type of healthcare facility financed, and matures in September 2019. The facility includes two one-year extension options and has a maximum advance rate of 80%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2015, we entered into a $16.5 million term facility to finance a first mortgage loan. The facility bore interest at a rate of 275 basis points over LIBOR and was scheduled to mature in December 2016. In the second quarter of 2016, the loan paid off and we repaid this facility in full.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have two notes payable under a master security agreement that was used to finance leasehold improvements to our corporate office, which were assumed as part of the Acquisition. The two notes bear interest at a weighted average fixed rate of 3.21%, require monthly amortization payments and mature in 2020.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Agency Business.</font><font style="display:inline;font-family:Times;font-size:10pt;"> In connection with the Acquisition, we assumed the following debt obligations with various financial institutions used to finance the loans held-for-sale on our Agency Business.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $400.0 million Multifamily As Soon as Pooled ® Plus ("ASAP") agreement with Fannie Mae, which, in December 2016, was temporarily increased to $500.0 million through March 31, 2017. The ASAP agreement has no commitment amount or expiration date and bears interest at a rate of 105 basis points over LIBOR (with a LIBOR Floor of 0.35%). ASAP provides us with a warehousing credit facility for mortgage loans that are to be sold to Fannie Mae and serviced under the Fannie Mae DUS program.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $150.0 million credit facility that bears interest at a rate of 140 basis points over LIBOR and was initially scheduled to mature in November 2016 but was extended through January 2018 with a temporary committed amount of $325.0 million through January 2017. The financial institution that provided this credit facility has a security interest in the underlying mortgage notes that serve as collateral for this facility.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $150.0 million credit facility that bears interest at a rate of 140 basis points over LIBOR and matures in July 2017. The committed amount under the facility was temporarily increased to $350.0 million through February 2017. The financial institution that provided this credit facility has a security interest in the underlying mortgage notes that serve as collateral for this facility.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a $100.0 million credit facility that bears interest at a rate of 135 basis points over LIBOR and matures in June 2017. The financial institution that provided this credit facility has a security interest in the underlying mortgage notes that serve as collateral for this facility.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have a letter of credit facility of $30.0 million with a financial institution, which includes an option to increase to $40.0 million with prior approval from the financial institution, pursuant to which letters of credit have been issued to secure obligations under the Fannie Mae DUS program and the Freddie Mac SBL Program. The letter of credit facility bears interest at a fixed rate of 3.00%, matures in October 2018 and is primarily collateralized by our servicing revenue as approved by Fannie Mae and Freddie Mac. The letter of credit facility includes a sublimit of $5.0 million pertaining to letters of credit securing obligations under the Freddie Mac SBL Program. At December 31, 2016, the letters of credit outstanding include a $25.0 million letter of credit for the Fannie Mae DUS program and a $5.0 million letter of credit for the Freddie Mac SBL Program.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">CLOs</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In December 2016, we completed the unwinding of CLO III, redeeming $281.3 million of our outstanding notes which were repaid primarily from the refinancing of the remaining assets within our financing facilities, as well as with cash held by the CLO, and expensed $1.0 million of deferred fees into interest expense in the consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In August 2016, we completed a collateralized securitization vehicle ("CLO VI"), issuing to third party investors three tranches of investment grade CLOs through two newly-formed wholly-owned subsidiaries totaling $250.3 million. As of the CLO closing date, the notes were secured by a portfolio of loan obligations with a face value of $275.4 million, consisting primarily of bridge loans that were contributed from our existing loan portfolio. The financing has a three year replacement period that allows the principal proceeds and sale proceeds (if any) of the loan obligations to be reinvested in qualifying replacement loan obligations, subject to the satisfaction of certain conditions set forth in the indenture. Thereafter, the outstanding debt balance will be reduced as loans are repaid. Initially, the proceeds of the issuance of the securities also included $49.6 million for the purpose of acquiring additional loan obligations for a period of up to 120 days from the closing date of the CLO, which were subsequently utilized resulting in the issuer owning loan obligations with a face value of $325.0 million. We retained a residual interest in the portfolio with a notional amount of $74.8 million. The notes had an initial weighted average interest rate of 2.48% plus one-month LIBOR and interest payments on the notes are payable monthly. Including certain fees and costs, the initial weighted average note rate was 3.44%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In August 2015, we completed a collateralized securitization vehicle ("CLO V"), issuing to third party investors three tranches of investment grade CLOs through two newly-formed wholly-owned subsidiaries totaling $267.8 million, of which we purchased $12.5 million of Class C notes that we subsequently sold at par for $12.5 million. As of the CLO closing date, the notes were secured by a portfolio of loan obligations with a face value of $302.6 million, consisting primarily of bridge loans that were contributed from our existing loan portfolio. The financing has an approximate three year replacement period that allows the principal proceeds and sale proceeds (if any) of the loan obligations to be reinvested in qualifying replacement loan obligations, subject to the satisfaction of certain conditions set forth in the indenture. Thereafter, the outstanding debt balance will be reduced as loans are repaid. Initially, the proceeds of the issuance of the securities also included $47.4 million for the purpose of acquiring additional loan obligations for a period of up to 120 days from the closing date of the CLO, which were subsequently utilized resulting in the issuer owning loan obligations with a face value of $350.0 million. We retained a residual interest in the portfolio with a notional amount of $82.3 million. The notes had an initial weighted average interest rate of 2.44% plus one-month LIBOR and interest payments on the notes are payable monthly. Including certain fees and costs, the initial weighted average note rate was 3.07%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In March 2015, we completed the unwinding of CLO II, redeeming $177.0 million of our outstanding notes which were repaid primarily from the refinancing of the remaining assets within our financing facilities, as well as with cash held by the CLO, and expensed $1.5 million of deferred fees into interest expense in the consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2015, we completed a collateralized securitization vehicle ("CLO IV"), issuing to third party investors three tranches of investment grade CLOs through two newly-formed wholly-owned subsidiaries totaling $219.0 million. At closing, the notes were secured by a portfolio of loan obligations with a face value of $250.0 million, consisting primarily of bridge loans that were contributed from our existing loan portfolio, as well as $50.0 million for the purpose of acquiring additional loan obligations. The financing has an approximate 2.5 year replacement period from closing that allows the principal proceeds and sale proceeds (if any) of the loan obligations to be reinvested in qualifying replacement loan obligations, subject to the satisfaction of certain conditions set forth in the indenture. Thereafter, the outstanding debt balance will be reduced as loans are repaid. We retained a residual interest in the portfolio with a notional amount of $81.0 million. The notes had an initial weighted average interest rate of 2.24% plus one-month LIBOR and interest payments on the notes are payable monthly. Including certain fees and costs, the initial weighted average note rate was 2.96%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table outlines borrowings and the corresponding collateral under our CLOs:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral(2)</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face<br />Value</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value(1)</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted<br />Cash(3)</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">December 31, 2016</font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;">CLO VI</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>246,442,883
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>324,569,105
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>323,350,928
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>430,895
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,864,114
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,679,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>343,747,570
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,320,715
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>217,134,112
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>291,319,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>290,429,019
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,680,878
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>737,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>960,567,514
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>957,527,517
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,432,488
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>263,784,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>343,561,696
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>342,988,734
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,438,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,985,420
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>288,581,773
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>287,946,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,418,227
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,129,518
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>339,019,221
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>338,034,689
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,135,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>971,162,690
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>968,970,064
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,992,023
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
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<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Debt carrying value is net of $8.6 million and $9.1 million of deferred financing fees at December 31, 2016 and 2015, respectively.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">As of December 31, 2016 and 2015, there was no collateral at risk of default or deemed to be a "credit risk" as defined by the CLO indenture.</font></p>
</td>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents restricted cash held for principal repayments as well as for reinvestment in the CLOs. Does not include restricted cash related to interest payments, delayed fundings and expenses.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> CLO VI—Issued three investment grade tranches in August 2016 with a replacement period through September 2019 and a stated maturity date in September 2026. Interest is variable based on one-month LIBOR; the weighted average note rate was 3.30% at December 31, 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> CLO V—Issued three investment grade tranches in August 2015 with a replacement period through September 2018 and a stated maturity date in September 2025. Interest is variable based on one-month LIBOR; the weighted average note rate was 3.26% and 2.91% at December 31, 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> CLO IV—Issued three investment grade tranches in February 2015 with a replacement period through September 2017 and a stated maturity date in March 2025. Interest is variable based on one-month LIBOR; the weighted average note rate was 3.06% and 2.71% at December 31, 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> CLO III—We completed the unwinding of CLO III in December 2016. The weighted average note rate was 2.86% at December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016 and 2015, the aggregate weighted average note rate for our CLOs was 3.21% and 2.84%, respectively. Including certain fees and costs, the weighted average note rate was 3.71% and 3.24% at December 31, 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We account for our CLO transactions on our consolidated balance sheet as financing facilities. Our CLOs are VIEs for which we are the primary beneficiary and are consolidated in our financial statements. The investment grade tranches are treated as secured financings, and are non-recourse to us.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Senior Unsecured Notes</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2014, we issued $90.0 million aggregate principal amount of 7.375% senior unsecured notes due in 2021 in an underwritten public offering for net proceeds of $85.4 million after deducting the issuance and underwriting discounts and offering expenses. In connection with this offering, the underwriters exercised a portion of their overallotment option for a $7.8 million aggregate principal amount providing additional net proceeds of $7.4 million. The notes can be redeemed by us after May 15, 2017 and the interest is paid quarterly in February, May, August and November. Including certain fees and costs, the weighted average note rate was 8.15% and 8.12% at December 31, 2016 and 2015, respectively. The debt carrying value of $94.5 million and $93.8 million at December 31, 2016 and 2015, respectively, is net of $3.3 million and $4.1 million, respectively, of deferred financing fees.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Convertible Senior Unsecured Notes</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In October 2016, we issued $86.3 million aggregate principal amount of 6.50% convertible senior unsecured notes, including the underwriter's over-allotment option of $11.3 million. The notes pay interest semiannually in arrears. We received proceeds of $82.4 million from the offering, net of deferred financing fees, which are being amortized through interest expense over the life of the notes. The notes mature on October 1, 2019, unless earlier converted or repurchased by the holders pursuant to their terms, and are not redeemable by us prior to maturity.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The notes are convertible into, at our election, cash, shares of our common stock or a combination of both, subject to the satisfaction of certain conditions and during specified periods. The notes have a conversion rate of 119.3033 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of $8.38 per share of common stock. The conversion rate will be subject to adjustment upon the occurrence of certain specified events and the holders may require us to repurchase all or any portion of their notes for cash equal to 100% of the principal amount of the notes, plus accrued and unpaid interest, if we undergo a fundamental change as specified in the agreement.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Accounting guidance requires that convertible debt instruments with cash settlement features, including partial cash settlement, account for the liability component and equity component (conversion feature) of the instrument separately. The initial value of the liability component reflects the present value of the discounted cash flows using the nonconvertible debt borrowing rate of 7.50% at the time of issuance. The debt discount represents the difference between the proceeds received from the issuance and the initial carrying value of the liability component, which is being accreted back to the notes principal amount through interest expense over the term of the notes, which was 2.75 years at December 31, 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The principal balance, unamortized discount and net carrying amount of the liability and equity components of the notes at December 31, 2016 were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Liability Component</font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Equity<br />Component</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unamortized<br />Deferred<br />Financing<br />Fees</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principle<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unamortized<br />Debt<br />Discount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$86,250,000</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,119,436
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,470,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,660,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,178,647
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2016, we incurred total interest expense on the notes of $1.9 million, of which $1.4 million, $0.3 million and $0.2 million related to the 6.50% cash coupon, accretion of the deferred financing fees and of the debt discount, respectively. Including the amortization of the deferred financing fees and debt discount, our total cost of the notes is 8.82% per annum.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016, the conversion option value of the notes does not exceed their principal amount since the closing market price of our common stock does not exceed the conversion rate. In addition, we have the intent and ability to settle the notes in cash. Therefore, the notes had no impact on our diluted earnings per share.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Junior Subordinated Notes</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The carrying value of borrowings under our junior subordinated notes was $157.9 million and $157.1 million at December 31, 2016 and 2015, respectively, which is net of a deferred amount of $14.9 million and $15.5 million, respectively, that is being amortized into interest expense over the life of the notes and $3.1 million and $3.3 million, respectively, of deferred financing fees. These notes have maturities ranging from March 2034 through April 2037 and pay interest quarterly at a fixed or floating rate of interest based on three-month LIBOR. The current weighted average note rate was 3.82% and 3.12% at December 31, 2016 and 2015, respectively. Including certain fees and costs, the weighted average note rate was 3.94% and 3.55% at December 31, 2016 and 2015, respectively. The entities that issued the junior subordinated notes have been deemed VIEs. See Note 17—Variable Interest Entities for further details.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Mortgage Note Payable—Real Estate Owned and Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In the first quarter of 2015, we made required paydowns of $10.3 million and repaid the remaining $20.7 million mortgage related to our multifamily properties, replacing it with two new notes payable totaling $27.2 million. In the second quarter of 2016, we sold the remaining multifamily properties and these notes payable were paid in full.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Related Party Financing</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with the Acquisition, we entered into a $50.0 million preferred equity interest financing agreement with our Manager to finance a portion of the aggregate purchase price. The debt has a five year term with a preferred return of 7% through December 31, 2016, increasing by 1% per annum thereafter, with a maximum rate of 12%. In addition, after eighteen months, the principal balance due is scheduled to increase over time with $62.5 million due if the debt remained outstanding until the end of the five-year term. Interest expense associated with this financing is recorded using the effective yield method. As of December 31, 2016, the outstanding principal balance was $50.0 million and, during 2016, we recorded interest expense of $1.8 million.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Collateralized Debt Obligations (CDOs)</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2015, we completed the unwind of CDO III, our last remaining CDO vehicle, redeeming $71.1 million of our outstanding notes. The notes were repaid primarily from proceeds received from the refinancing of CDO III's remaining assets within our existing financing facilities, as well as with cash held by the CDO. As a result of this transaction, we reduced the balance of estimated interest by $8.2 million, recording a gain on acceleration of deferred income in the consolidated statements of income, in the third quarter of 2015. We also terminated a related interest rate swap and incurred a loss of $0.3 million in the third quarter of 2015. See Note 14—Derivative Financial Instruments for additional details. CDO III had a $100.0 million revolving note class that provided a revolving note facility, which was paid off in the first quarter of 2015.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2015, we completed the unwind of CDO I and CDO II, redeeming $167.9 million of our outstanding notes. The notes were repaid primarily from proceeds received from the refinancing of CDO I and II's remaining assets within a new $150.0 million warehouse repurchase facility and our existing financing facilities, as well as with cash held by each CDO. As a result of this transaction, we generated approximately $30.0 million in cash equity and reduced the balance of estimated interest by $11.0 million, recording a gain on acceleration of deferred income in the consolidated statements of income, in the first quarter of 2015. We also terminated the related basis and interest rate swaps, which resulted in a loss of $4.3 million, and expensed $0.5 million of deferred fees in the first quarter of 2015. See Note 14—Derivative Financial Instruments for additional details.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Debt Covenants</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Credit Facilities and Repurchase Agreements.</font><font style="display:inline;font-family:Times;font-size:10pt;"> The credit facilities and repurchase agreements contain various financial covenants, including, but not limited to, minimum liquidity requirements, minimum net worth requirements, as well as certain other debt service coverage ratios, debt to equity ratios and minimum servicing portfolio tests. We were in compliance with all financial covenants and restrictions at December 31, 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> CLOs.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Our CLO vehicles contain interest coverage and asset overcollateralization covenants that must be met as of the waterfall distribution date in order for us to receive such payments. If we fail these covenants in any of our CLOs, all cash flows from the applicable CLO would be diverted to repay principal and interest on the outstanding CLO bonds and we would not receive any residual payments until that CLO regained compliance with such tests. Our CLOs were in compliance with all such covenants as of December 31, 2016, as well as on the most recent determination dates in February 2017. In the event of a breach of the CLO covenants that could not be cured in the near-term, we would be required to fund our non-CLO expenses, including management fees and employee costs, distributions required to maintain our REIT status, debt costs, and other expenses with (i) cash on hand, (ii) income from any CLO not in breach of a covenant test, (iii) income from real property and loan assets, (iv) sale of assets, or (v) or accessing the equity or debt capital markets, if available. We have the right to cure covenant breaches which would resume normal residual payments to us by purchasing non-performing loans out of the CLOs. However, we may not have sufficient liquidity available to do so at such time.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our CLO compliance tests as of the most recent determination dates in February 2017 is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash Flow Triggers </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO VI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Overcollateralization(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.87
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>135.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128.87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Interest Coverage(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Current</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>340.68
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>262.17
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Limit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass / Fail</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Pass</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The overcollateralization ratio divides the total principal balance of all collateral in the CLO by the total principal balance of the bonds associated with the applicable ratio. To the extent an asset is considered a defaulted security, the asset's principal balance for purposes of the overcollateralization test is the lesser of the asset's market value or the principal balance of the defaulted asset multiplied by the asset's recovery rate which is determined by the rating agencies. Rating downgrades of CLO collateral will generally not have a direct impact on the principal balance of a CLO asset for purposes of calculating the CLO overcollateralization test unless the rating downgrade is below a significantly low threshold (e.g. CCC–) as defined in each CLO vehicle.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The interest coverage ratio divides interest income by interest expense for the classes senior to those retained by us.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our CLO overcollateralization ratios as of the determination dates subsequent to each quarter is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Determination(1) </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">CLO VI</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">January 2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">October 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129.87
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">July 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">April 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">January 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136.99
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130.72
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The table above represents the quarterly trend of our overcollateralization ratio, however, the CLO determination dates are monthly and we were in compliance with this test for all periods presented.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The ratio will fluctuate based on the performance of the underlying assets, transfers of assets into the CLOs prior to the expiration of their respective replenishment dates, purchase or disposal of other investments, and loan payoffs. No payment due under the junior subordinated indentures may be paid if there is a default under any senior debt and the senior lender has sent notice to the trustee. The junior subordinated indentures are also cross-defaulted with each other.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Subsequent Events</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2017, we completed the issuance and sale of an additional $13.8 million aggregate principal amount of 6.50% convertible senior unsecured notes ("Reopened Notes"). The Reopened Notes are a further issuance of, are fully fungible with, and rank equally in right of payment with the $86.3 million of notes we initially issued in October 2016 and, following this offering, the aggregate outstanding principal amount of the notes is now $100.0 million. We received proceeds of $13.4 million from the January 2017 offering, net of estimated issuance costs which are being amortized through interest expense over the life of the notes.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2017, we purchased, at a discount, $20.9 million of our junior subordinated notes with a carrying value of $19.9 million and expect to record a gain on extinguishment of debt of approximately $7.2 million in the first quarter of 2017.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
0.0400
0.055
0.0275
0.0135
0.0140
0.0200
0.0215
0.0105
0.0140
0.0200
0.02125
0.0250
0.0225
0.0350
0.0225
0.0035
0.0325
0.0250
8.38
119.3033
LIBOR
one-month LIBOR
one-month LIBOR
one-month LIBOR
LIBOR
one-month LIBOR
one-month LIBOR
one-month LIBOR
one-month LIBOR
one-month LIBOR
LIBOR
LIBOR
LIBOR
LIBOR
LIBOR
LIBOR
LIBOR.
LIBOR
three-month LIBOR
three-month LIBOR
LIBOR
LIBOR
one-month LIBOR
LIBOR
LIBOR
90000000
7800000
27200000
302600000
350000000
267750000
219000000
281250000
768000000
175858000
97860025
275400000
325000000
86300000
11300000
267750000
219000000
250250000
737000000
86250000
175858000
97860025
50000000
100000000
20900000
0.0882
0.01
0.07375
0.0650
0.03
0.07
0.12
12500000
P2Y9M
P5Y
2119436
0.0224
0.0244
0.0291
0.0271
0.0286
0.0269
0.0322
0.0270
0.0246
0.0262
0.0259
0.0284
0.0312
0.0248
0.0225
0.0196
0.0326
0.0306
0.0330
0.0321
0.0302
0.0312
0.0195
0.0205
0.0281
0.0408
0.0296
0.0165
0.0205
0.0281
0.0294
0.0321
0.0382
700000
P9Y
3500000
P6M
2800000
8030129
10716040
-1519398
-2956679
1448928
9100000
4100000
8600000
3470526
3300000
-600000
-100000
26037
-415865
-1532084
77100000
77100000
-393135
-1238608
2379582
3835507
23173479
27486037
12320476
6959882
3835507
36447440
24859698
3835507
7179189
3550613
857940
300000
0.06
0.25
7371737
5436330
5021900
2567498
2454402
84100000
84100000
3000000
84100000
550117700
975718529
55600000
819033129
156685400
3345
3345
5614990
5614990
5614990
5614990
2798858
2816132
2816132
0.02
0.03
3000
100000
5614990
2798858
2816132
4669000
2299579
152000
1535150
764429
-4600000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 14—Derivative Financial Instruments</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Structured Business</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a summary of the derivative financial instruments held by our Structured Business (dollars in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation/<br />Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Expiration<br />Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance<br />Sheet<br />Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR Caps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,600
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2017
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,450
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,821
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2017
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(152
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,669
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Changes in the fair value of qualifying interest rate swap cash flow hedges are recorded in accumulated other comprehensive income (loss) in the consolidated balance sheets. These swap agreements must be effective in reducing the variability of cash flows of the hedged items to qualify for hedge accounting treatment. These interest rate swaps are used to hedge the variable cash flows associated with existing variable-rate debt, and amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate debt. During 2016, three interest rate swaps matured with a notional value of $66.4 million. As of December 31, 2016, we expect to reclassify $(0.2) million of other comprehensive loss from qualifying cash flow hedges to interest expense over the next twelve months assuming interest rates on that date are held constant. During 2015, all three of our remaining CDO vehicles were unwound and the related interest rate swaps with an aggregate notional value of $142.5 million and an aggregate fair value of $(4.6) million were terminated and recorded as a loss. See Note 12—Debt Obligations for further details. Also during 2015, we entered into a two qualifying LIBOR cap hedges due to CLO agreements requiring a LIBOR cap of 2% and 3% with a combined notional value of $84.1 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Gains and losses on terminated swaps are deferred and recognized in earnings over the original life of the hedged item. As of December 31, 2016 and 2015, we had a net deferred loss of less than $0.1 million and $0.6 million, respectively, in accumulated other comprehensive income (loss) related to these terminated swap agreements. We recorded $0.6 million, $0.6 million and $0.7 million as additional interest expense related to the amortization of the loss for 2016, 2015 and 2014, respectively, and $0.1 million, $0.1 million and $0.2 million as a reduction to interest expense related to the accretion of the net gains for 2016, 2015 and 2014, respectively. We expect to record approximately $0.1 million of net deferred loss to interest expense over the next twelve months.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Non-qualifying basis swap hedges were used to manage our exposure to interest rate movements and other identified risks but did not meet hedge accounting requirements. During 2015, our remaining basis swap with a notional value of $3.0 million and a fair value of less than $0.1 million was terminated as part of the CDO II unwind and a loss was recorded.</font>
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<font style="display:inline;font-size:10pt;"> </font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table presents the effect of our derivative financial instruments on the statements of income (dollars in thousands):</font>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss Recognized in<br />Other<br />Comprehensive Income<br />(Loss)<br />(Effective Portion)</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss Reclassified from<br />Accumulated<br />Other Comprehensive<br />Income (Loss)<br />into Interest Expense<br />(Effective Portion)</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss Reclassified from<br />Accumulated Other<br />Comprehensive<br />Income (Loss) into<br />Loss on Termination<br />of Swaps<br />(Ineffective Portion)</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="26" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation/Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps/Cap</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,208
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,149
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,654
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,626
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Losses recognized through the consolidated statements of income from our non-qualified derivative instruments were deminimus for all periods presented.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The cumulative amount of other comprehensive income (loss) related to net unrealized losses on derivatives designated as qualifying hedges as of December 31, 2016 and 2015 of $(0.2) million and $(5.3) million, respectively, is a combination of the fair value of qualifying cash flow hedges of $(0.2) million and $(4.7) million, respectively, and net deferred losses on terminated interest rate swaps of less than $(0.1) million and $(0.6) million, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have agreements with certain of our derivative counterparties that contain a provision where if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. As of December 31, 2016 and 2015, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk related to these agreements, was $(0.2) million and $(4.6) million, respectively. As of December 31, 2016 and 2015, we had minimum collateral posting thresholds with certain of our derivative counterparties and had posted collateral of $0.4 million and $5.0 million, respectively, which is recorded in other assets in our consolidated balance sheets.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Agency Business</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a summary of the derivative financial instruments held by our Agency Business:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation/Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance Sheet<br />Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative<br />Assets</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative<br />Liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-Qualifying</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Rate Lock Commitments</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,685,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other Assets/ Other Liabilities</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764,429
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-Qualifying</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Forward Sale Commitments</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>819,033,129
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other Assets/ Other Liabilities</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,798,858
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,535,150
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>975,718,529
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,299,579
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We enter into contractual commitments to originate and sell mortgage loans at fixed prices with fixed expiration dates. The commitments become effective when the borrower "rate locks" a specified interest rate within time frames established by us. All potential borrowers are evaluated for creditworthiness prior to the extension of the commitment. Market risk arises if interest rates move adversely between the time of the rate lock by the borrower and the sale date of the loan to an investor. To mitigate the effect of the interest rate risk inherent in providing rate lock commitments to borrowers, we enter into a forward sale commitment with the investor simultaneous with the rate lock commitment with the borrower. The forward sale contract with the investor locks in an interest rate and price for the sale of the loan. The terms of the contract with the investor and the rate lock with the borrower are matched in substantially all respects, with the objective of eliminating interest rate risk to the extent practical. Sale commitments with the investors have an expiration date that is longer than our related commitments to the borrower to allow, among other things, for the closing of the loan and processing of paperwork to deliver the loan into the sale commitment.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> These commitments meet the definition of a derivative and are recorded at fair value, including the effects of interest rate movements which are reflected as a component of other income, net in the consolidated statements of income. The estimated fair value of rate lock commitments also include the fair value of the expected net cash flows associated with the servicing of the loan which is recorded as income from MSRs in the consolidated statements of income. During 2016, we recorded $0.5 million of net gains from changes in the fair value of these derivatives in other income, net and $44.9 million of income from MSRs. See Note 15—Fair Value for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
1318000
1019000
193000
12654000
6149000
5208000
4626000
41022
4669273
4669273
2451422
2451422
2451422
2451422
2451422
107820995
107821000
522650829
41450000
4300000
4600000
200000
0
2
5
2
3
0
2
2
105
12
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Hedging Activities and Derivatives.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We measure derivative instruments at fair value and record them as assets or liabilities. Fair value adjustments will affect either accumulated other comprehensive income (loss) until the hedged item is recognized in earnings, or net income depending on whether the derivative instrument qualifies as a hedge for accounting purposes and, if so, the nature of the hedging activity. We use derivatives for hedging purposes rather than trading or speculation. Fair values are estimated based on current market data from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles and reasonable estimates about relevant future market conditions.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. These derivative instruments must be effective in reducing risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative instrument matures or is settled. Any derivative instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in earnings. In cases where a derivative instrument is terminated early, any gain or loss is generally amortized over the remaining life of the hedged item. We may also enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. The ineffective portion of a derivative's change in fair value is recognized immediately in earnings.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with our interest rate risk management, we may hedge a portion of our interest rate risk by entering into derivative instrument contracts. Specifically, our derivative instruments are used to manage differences in the amount, timing, and duration of our expected cash receipts and our expected cash payments principally related to our investments and borrowings. Our objectives in using interest rate derivatives are to add stability to interest income and to manage our exposure to interest rate movements. To accomplish this objective, we have used interest rate swaps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have also financed the purchase of RMBS investments through repurchase agreements with the same counterparties, which qualified as linked transactions and were accounted for as forward contract derivatives. Linked transactions are not designated as hedging instruments and, as a result, the change in the fair value and net interest income from linked transactions are reported in other income, net in the consolidated statements of income. We sold our RMBS investments during 2014.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our rate lock and forward sales commitments associated with the Agency Business meet the definition of a derivative and are recorded at fair value. The estimated fair value of rate lock commitments includes the effects of interest rate movements as well as the fair value of the expected net cash flows associated with the servicing of the loan which is recorded as income from MSRs in the consolidated statements of income. The estimated fair value of forward sale commitments includes the effects of interest rate movements between the trade date and balance sheet date. Adjustments to the fair value are reflected as a component of other income, net in the consolidated statements of income.</font>
</p><div /></div> </div>
2877143
1562101
334631
11243246
8224101
1994346
14362030
10971555
2845231
26029540
26029540
26029540
29495314
29495314
29495314
31797993
31797993
31797993
7256255
14698
7256255
7256255
14698
14698
7553720
14459
7553720
7553720
14459
14459
7553720
14541
7553720
7553720
14541
14541
8082265
8100000
36451
1464732
1500000
1.71
0.30
0.90
0.21
0.30
0.10
0.02
0.83
0.20
0.21
0.40
1.70
0.30
0.90
0.21
0.30
0.10
0.02
0.83
0.20
0.21
0.40
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Earnings Per Share.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We present both basic and diluted earnings per share ("EPS"). Basic EPS excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower EPS amount.</font>
</p><div /></div> </div>
0.019
0.350
0.350
0.350
0.023
0.064
-0.123
0.005
-0.005
-0.027
0.069
0.368
0.387
0.282
4500000
2800000
13000000
13000000
0.05
0.05
0.50
1.00
0.667
400000
600000
7900000
1700000
9600000
5200000
600000
1900000
5900000
56000000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Investments in Equity Affiliates.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We invest in joint ventures that are formed to invest in real estate related assets or businesses. These joint ventures are not majority owned or controlled by us, or are VIEs for which we are the primary beneficiary, and are not consolidated in our financial statements. These investments are recorded under either the equity or cost method of accounting as deemed appropriate. We evaluate these investments for impairment whenever events or changes in circumstances indicate that the carrying amounts of such investments may not be recoverable. We recognize an impairment loss if the estimated fair value of the investment is less than its carrying amount and we determine that the impairment is other-than-temporary. We record our share of the net income and losses from the underlying properties of our equity method investments and any other-than-temporary impairment on these investments on a single line item in the consolidated statements of income as income or losses from equity affiliates.</font>
</p><div /></div> </div>
1125281111
425796077
699485034
1187686950
507609494
680077456
50250648
76966354
-26715706
73747946
113812504
-40064558
30292235
25923679
4368556
33370853
28917458
4453395
1075030463
348829723
726200740
1113939004
393796990
720142014
1125281111
425796077
699485034
1187686950
507609494
680077456
19958413
51042675
-31084262
40377093
84895046
-44517953
-11599806
-11599806
34274900
27978970
6295930
47203874
51089210
-3885336
108113385
108113385
259206206
139720444
119485762
322664779
207844532
114820247
401700000
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The fair value of these assets and liabilities was determined using the following input levels as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements<br />Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,749,130,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,749,130,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>683,833,449
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>683,833,449
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalized mortgage servicing rights, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,455,881
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,455,881
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Credit and repurchase facilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>906,636,790
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>907,882,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,144,122
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>247,738,764
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,642,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,642,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,521,566
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,034,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,034,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Convertible senior unsecured notes, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,660,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,586,375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,586,375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,858,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,649,537
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,649,537
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Related party financing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,119,744
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,119,744
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The fair values of these financial assets were determined using the following input levels as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements Using<br />Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impaired loans, net(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,639,460
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,639,460
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,639,460
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">We had an allowance for loan losses of $83.7 million relating to eight loans with an aggregate carrying value, before loan loss reserves, of $187.4 million at December 31, 2016.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements Using<br />Significant Unobservable Inputs:<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Derivative assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Balance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions from the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,528,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Settlements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,156,561
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Realized gains recorded in earnings</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,627,921
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unrealized gains recorded in earnings</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Balance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /<br />Notional<br />Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /<br />Notional<br />Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Loans and investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,749,130,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>675,493,536
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>683,833,449
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Capitalized mortgage servicing rights, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">n/a</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,455,881
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instuments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>550,117,700
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:10pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Credit and repurchase facilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,680,198
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>906,636,790
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>907,882,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>737,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,642,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,521,566
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,034,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,764,994
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Convertible senior unsecured notes, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,660,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,586,375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,858,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,649,537
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,117,130
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Mortgage note payable—real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Related party financing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,119,744
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>522,650,829
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,820,995
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 15—Fair Value</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Fair value estimates are dependent upon subjective assumptions and involve significant uncertainties resulting in variability in estimates with changes in assumptions.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table summarizes the principal amounts, carrying values and the estimated fair values of our financial instruments:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /<br />Notional<br />Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principal /<br />Notional<br />Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Loans and investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,749,130,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,481,353,410
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>675,493,536
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>683,833,449
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Capitalized mortgage servicing rights, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">n/a</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,455,881
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instuments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>550,117,700
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:10pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Credit and repurchase facilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,680,198
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>906,636,790
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>907,882,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,072,691
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>737,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,642,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>766,065,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,521,566
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,034,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,860,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,764,994
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>96,294,265
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Convertible senior unsecured notes, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,660,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,586,375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,858,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,649,537
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>175,858,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,117,130
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104,073,847
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Mortgage note payable—real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,155,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,111,231
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Related party financing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,119,744
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>522,650,829
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,820,995
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,669,273
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Fair value is defined as the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. A liability's fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation techniques involve some level of estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instruments' complexity.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Assets and liabilities disclosed at fair value are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities are as follows:</font>
</p>
<p style="margin:5pt 0pt 5pt 36pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Level 1—Inputs are unadjusted and quoted prices exist in active markets for identical assets or liabilities at the measurement date, such as government and agency securities and equities listed in active markets.</font>
</p>
<p style="margin:5pt 0pt 5pt 36pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Level 2—Inputs (other than quoted prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument's anticipated life. Level 2 inputs include quoted market prices in markets that are not active for an identical or similar asset or liability, and quoted market prices in active markets for a similar asset or liability. Examples of Level 2 assets and liabilities include non-government securities, certain mortgage and asset-backed securities, certain corporate debt and certain derivative instruments.</font>
</p>
<p style="margin:5pt 0pt 5pt 36pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Level 3—Inputs reflect our best estimate of what market participants would use in pricing the asset or liability at the measurement date. These valuations are based on significant unobservable inputs that require a considerable amount of judgment and assumptions. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Examples of Level 3 assets and liabilities include certain mortgage and asset-backed securities, certain corporate debt and certain derivative instruments.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Determining which category an asset or liability falls within the hierarchy requires significant judgment and we evaluate our hierarchy disclosures each quarter.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loans and investments, net.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values of loans and investments that are not impaired are estimated using Level 3 inputs based on discounted cash flow methodology, using discount rates, which, in our opinion, best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality. Fair values of impaired loans and investments are estimated using Level 3 inputs that require significant judgments, which include assumptions regarding discount rates, capitalization rates, creditworthiness of major tenants, occupancy rates, availability of financing, exit plan and other factors.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loans held-for-sale, net.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Consists of originated loans that are generally transferred or sold within 60 days from the date that a mortgage loan is funded, and are valued using pricing models that incorporate observable inputs from current market assumptions or a hypothetical securitization model utilizing observable market data from recent securitization spreads and observable pricing of loans with similar characteristics (Level 2). Fair values of loans held-for-sale include the fair value allocated to the associated future MSRs and is calculated pursuant to the valuation techniques described below for capitalized mortgage servicing rights, net (Level 3).</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Capitalized mortgage servicing rights, net.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values are estimated using Level 3 inputs based on discounted future net cash flow methodology. The fair value of MSRs carried at amortized cost are estimated using a process that involves the use of independent third-party valuation experts, supported by commercially available discounted cash flow models and analysis of current market data. The key inputs used in estimating fair value include the contractually specified servicing fees, prepayment speed of the underlying loans, discount rate, annual per loan cost to service loans, delinquency rates, late charges and other economic factors.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Available-for-sale securities.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values are estimated based on current market quotes received from active markets or financial sources that trade such securities. The fair values of available-for-sale equity securities traded in active markets are estimated using Level 1 inputs. The fair values of available-for-sale debt securities are estimated using the recent purchase price and subsequent sales price of the securities, which are deemed Level 2 inputs. The fair value of our Agency IOs were estimated using Level 3 inputs and are derived from third party proprietary models using discounted cash flows based on the underlying contractual cash flows and require significant judgements, including assumptions on discount rates and constant prepayment rates.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Derivative financial instrument.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values of interest rate and basis swap derivatives and LIBOR caps are estimated using Level 2 inputs based on current market data received from financial sources that trade such instruments and are based on prevailing market data and derived from third party proprietary models based on well recognized financial principles including counterparty risks, credit spreads and interest rate projections, as well as reasonable estimates about relevant future market conditions.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Fair values of rate lock and forward sale commitments are estimated using valuation techniques, which include internally-developed models developed based on changes in the U.S. Treasury rate and other observable market data (Level 2). The fair value of rate lock commitments includes the fair value of the expected net cash flows associated with the servicing of the loan, see capitalized mortgage servicing rights, net above for further details on the applicable valuation technique (Level 3). We also consider the impact of counterparty non-performance risk when measuring the fair value of these derivatives. Given the credit quality of our counterparties, the short duration of interest rate lock commitments and forward sale contracts, and our historical experience, the risk of nonperformance by our counterparties is not significant.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Credit facilities, repurchase agreements and mortgage notes payable:</font><font style="display:inline;font-family:Times;font-size:10pt;"> The fair values of credit facilities, repurchase agreements and mortgage notes payable for the Structured Business are estimated at Level 3 using discounted cash flow methodology, using discount rates, which, in our opinion, best reflect current market interest rates for financing with similar characteristics and credit quality. The majority of our credit facilities for the Agency Business bear interest at rates that are similar to those available in the market currently and the fair values are estimated using Level 2 inputs. For these facilities, the fair values approximate the carrying values reported in the balance sheets.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Collateralized loan obligations.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values are estimated at Level 3 based on broker quotations, representing the discounted expected future cash flows at a yield that reflects current market interest rates and credit spreads.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Senior unsecured notes.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values are estimated at Level 1 based on current market quotes received from active markets.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Convertible senior unsecured notes.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values are estimated at Level 2 based on current market quotes received from inactive markets.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Junior subordinated notes and related party financing.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Fair values are estimated at Level 3 based on broker quotations, representing the discounted expected future cash flows at a yield that reflects current market interest rates and credit spreads.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We measure certain financial assets and financial liabilities at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following input levels as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements<br />Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>617,288
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,798,858
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:11pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> See Note 8—Available-for-Sale Securities for a roll-forward of our available-for-sale securities fair valued using Level 3 inputs.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We measure certain financial assets at fair value on a nonrecurring basis. The fair values of these financial assets were determined using the following input levels as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements Using<br />Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impaired loans, net(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,639,460
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,639,460
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,639,460
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">We had an allowance for loan losses of $83.7 million relating to eight loans with an aggregate carrying value, before loan loss reserves, of $187.4 million at December 31, 2016.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loan impairment assessments.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for loan losses, when such loan or investment is deemed to be impaired. We consider a loan impaired when, based upon current information, it is probable that we will be unable to collect all amounts due for both principal and interest according to the contractual terms of the loan agreement. We perform evaluations of our loans to determine if the value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, which may result in an allowance and corresponding charge to the provision for loan losses. These valuations require significant judgments, which include assumptions regarding capitalization and discount rates, revenue growth rates, creditworthiness of major tenants, occupancy rates, availability of financing, exit plan and other factors. The table above includes all impaired loans, regardless of the period in which the impairment was recognized.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Quantitative information about Level 3 fair value measurements at December 31, 2016 were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Valuation<br />Techniques</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Unobservable Inputs</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impaired loans(1):</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>806,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72,037,164
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15.00
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.25
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.00
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,796,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Derivative financial instruments:</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Rate lock commitments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">W/A discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.19
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Includes all impaired loans regardless of the period in which a loan loss provision was recorded.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The derivative financial instruments using Level 3 inputs are outstanding for short periods of time (generally less than 60 days). A roll-forward of Level 3 derivative instruments were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements Using<br />Significant Unobservable Inputs:<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Derivative assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Balance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions from the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,528,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Settlements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,156,561
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Realized gains recorded in earnings</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,627,921
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unrealized gains recorded in earnings</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Balance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table presents the components of fair value and other relevant information associated with our rate lock commitments, forward sales commitments and the estimated fair value of cash flows from servicing on loans held-for-sale.</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional/<br />Principal Amount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value of<br />Servicing Rights</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Rate<br />Movement Effect</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Fair<br />Value Adjustment</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Rate lock commitments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,685,400
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764,429
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,051,703
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Forward sale commitments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>819,033,129
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,708
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,708
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662,347,729
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,145,814
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,145,814
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,961,946
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,279
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,461,225
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net are recorded at the lower of cost or market on an aggregate basis and includes fair value adjustments related to estimated cash flows from MSRs.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We measure certain assets and liabilities for which fair value is only disclosed. The fair value of these assets and liabilities was determined using the following input levels as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements<br />Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,749,130,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,749,130,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>683,833,449
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>683,833,449
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalized mortgage servicing rights, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,455,881
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>245,455,881
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Credit and repurchase facilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>906,636,790
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>907,882,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,144,122
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>247,738,764
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,642,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,642,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Senior unsecured notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,521,566
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,034,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,034,345
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Convertible senior unsecured notes, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,660,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,586,375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,586,375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior subordinated notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>157,858,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,649,537
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105,649,537
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Related party financing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,119,744
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,119,744
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Valuation<br />Techniques</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Significant<br />Unobservable Inputs</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impaired loans(1):</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>806,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72,037,164
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15.00
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.25
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.00
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,796,296
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalization rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.00
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Revenue growth rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Derivative financial instruments:</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Rate lock commitments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Discounted cash flows</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">W/A discount rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12.19
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Includes all impaired loans regardless of the period in which a loan loss provision was recorded.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
0.0700
0.0725
0.0803
0.15
0.08
0.13
0.0900
0.1500
0.1100
0.1219
0.0330
0.0300
0.0250
21627921
2816132
4528640
26156561
2816132
500000
24594090
24594090
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage<br />of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Internal<br />Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First Dollar<br />LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last Dollar<br />LTV Ratio</font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,421,731,108
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>141,710,156
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,255,369
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,713,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:1pt;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage<br />of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Internal<br />Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First Dollar<br />LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last Dollar<br />LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,083,822,788
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,829,086
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164,410,838
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,813,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
22938243
1700000
765799
20472444
22853097
1700000
680653
20472444
22938243
1700000
765799
20472444
22853097
1700000
680653
20472444
2567497
660000
1432292
337705
137500
14400000
25000000
4010000
900000
57152795
5601811
1440000
3125000
736811
44714333
300000
4691118
1440000
3125000
126118
22211119
5249137
1440000
3125000
684137
28371734
5464311
1440000
3125000
736811
35019266
162500
5601811
1440000
3125000
736811
40273739
300000
14400000
25000000
4010000
900000
227742986
P6Y10M24D
P7Y7M6D
P10Y6M
P19Y2M12D
P6Y7M6D
-4289450
-4629647
-340197
-300000
85793466
7800000
11600000
86312106
100000
15491
6700000
8200000
1900000
7200000
1603763
3984364
7784021
3799657
607553
11630687
11630687
11023134
26747381
26747381
26747381
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 11—Goodwill and Other Intangible Assets</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Goodwill</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table sets forth the goodwill activity:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Beginning balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions from the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,747,381
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impairment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ending balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,747,381
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Other Intangible Assets</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table sets forth the other intangible assets activity:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Gross Carrying Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Accumulated Amortization</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Additions</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Additions</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Finite-lived intangible assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Broker relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,432,292
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,432,292
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Borrower relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Below market leases</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,010,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,010,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>337,705
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>337,705
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Acquired technology</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Infinite-lived intangible assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae DUS license</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,100,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac Program Plus license</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA license</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,310,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73,310,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,567,497
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,567,497
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The finite-lived intangible assets recorded in connection with the Acquisition have the following useful lives: broker relationships—8 years; borrower relationships—10 years; below market leases—3.5 to 10.6 years and acquired technology—3 years.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The weighted average remaining lives of our amortizable finite-lived intangible assets as of December 31, 2016 and the estimated amortization expense for each of the succeeding five years are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated Amortization Expense for the Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Remaining Life<br />(in years)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Finite-lived intangible assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Broker relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Borrower relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Below market leases</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>684,137
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>126,118
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Acquired technology</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>162,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,601,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,601,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,464,311
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,249,137
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,691,118
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Goodwill and Other Intangible Assets.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Significant judgement is required to estimate the fair value of intangible assets and in assigning their estimated useful lives. Accordingly, we typically seek the assistance of independent third party valuation specialists for significant intangible assets. The fair value estimates are based on available historical information and on future expectations and assumptions we deem reasonable.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We generally use an income based valuation method to estimate the fair value of intangible assets, which discounts expected future cash flows to present value using estimates and assumptions we deem reasonable. For intangible assets related to acquired technology, we use the replacement cost method to determine fair value.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Determining the estimated useful lives of intangible assets also requires judgment. Certain intangible assets, such as GSE licenses, have been deemed to have indefinite lives while other intangible assets, such as broker and borrower relationships, above/below market rent and acquired technology have been deemed to have finite lives. Our assessment as to which intangible assets are deemed to have finite or indefinite lives is based on several factors including economic barriers of entry for the acquired product lines, scarcity of available GSE licenses, technology life cycles, retention trends and our operating plans, among other factors.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Goodwill and indefinite-lived intangible assets are not amortized, while finite-lived intangible assets are amortized over the estimated useful lives of the assets on a straight-line basis. Indefinite-lived intangible assets, including goodwill, are tested for impairment whenever events or changes in circumstances indicate that the carrying value of such assets may not be recoverable. In addition, with respect to goodwill, an impairment analysis is performed at least annually. We have elected to make the first day of our fiscal fourth quarter the annual impairment assessment date for goodwill. We first assess qualitative factors to determine whether it is more likely than not that the fair value is less than the carrying value. If, based on that assessment, we believe it is more likely than not that the fair value is less than the carrying value, then a two-step goodwill impairment test is performed. Based on the impairment test performed as of October 1, 2016, there was no indication that the indefinite-lived intangible assets, including goodwill, was impaired and there were no events or changes in circumstances indicating impairment at December 31, 2016.</font>
</p><div /></div> </div>
1000000
847700000
103639460
103639460
103639460
30796296
72037164
806000
86761575
1700000
5505653
3700000
53883478
21972444
83711575
1700000
2455653
3700000
53883478
21972444
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance for<br />Loan Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average<br />Recorded<br />Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest<br />Income<br />Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,542,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,450,618
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,455,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,952,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,887
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,562,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,778,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,571,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,732
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>131,085,948
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,925,677
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,883,478
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,277,308
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,496,296
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,155,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>197,640,645
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>187,351,035
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,711,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,251,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,405,933
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance for<br />Loan Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average<br />Recorded<br />Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest<br />Income<br />Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,362,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,350,764
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,505,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,301,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>314,910
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,580,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,796,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,833,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,804,967
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,468,667
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,875,774
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,883,478
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>124,639,534
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,486,433
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,050,312
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,861,364
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,209,415
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,374,121
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,170,189
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents the UPB of impaired loans less unearned revenue and other holdbacks and adjustments and was comprised of eight and nine loans at December 31, 2016 and 2015, respectively.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents an average of the beginning and ending UPB of each asset class.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
111800000
121100000
215374121
850000
23301005
34750000
124639534
31833582
198251005
1700000
4952115
34750000
129277308
27571582
3170189
314910
1050312
1804967
1405933
156887
1155314
93732
198861364
1700000
7362115
34750000
127468667
27580582
197640645
1700000
2542115
34750000
131085948
27562582
2567497
660000
1432292
337705
137500
250000
11200000
11200000
11200000
19047949
248658
200000
3095913
12300516
200000
5500000
6600000
6000000
100000
1534025
6353239
1317339
1897442
12994607
200000
2800000
500000
9500000
10000000
12994607
4367101
4929375
1800689
241641
1185353
516254
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 19—Income Taxes</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We are organized and conduct our operations to qualify as a REIT and to comply with the provisions of the Internal Revenue Code with respect thereto. A REIT is generally not subject to federal income tax on taxable income which it distributes to its stockholders, provided that it distributes at least 90% of its REIT—taxable income and meets certain other requirements. Certain REIT income may be subject to state and local income taxes. We did not have any REIT—federal taxable income, net of dividends paid and net operating loss deductions, for 2016, 2015 and 2014, and therefore, have not provided for REIT federal income tax expense. The REIT incurred current state tax expenses for 2016 of $0.5 million, as a result of a change in New York State tax rules related to such state's net operating loss utilization policy. In 2015 and 2014, the REIT did not incur any state tax expense. For the 2009 and 2010 tax years, the income and tax on certain debt extinguishment transactions was, at our election, deferred to be recognized ratably over five years from 2014 to 2018.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Certain of our assets and operations that would not otherwise comply with the REIT requirements, such as the Agency Business, are owned or conducted through our TRS Consolidated Group, which the majority of the income is subject to U.S. federal, state and local income taxes. The TRS Consolidated Group has federal net operating losses from prior years which will be used against the income from the Agency Business. In 2016, we recorded a provision for income taxes related to the assets held in the TRS Consolidated Group and the REIT totaling $0.8 million. In 2016, a $5.4 million valuation allowance, previously recorded at the TRS Consolidated Group, was released. We did not record a provision for income taxes in 2015 and 2014.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table provides a summary of our pre-tax GAAP income:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Pre-tax GAAP income:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">REIT</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,150,891
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,449,099
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90,278,047
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">TRS Consolidated Group</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,470,241
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,425,995
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,485,812
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total pre-tax GAAP income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43,621,132
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our provision (benefit) for income taxes was comprised as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Current tax provision (benefit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>767,673
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>298,225
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,062
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,589,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>117,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,975
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,357,084
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>415,865
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,037
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred tax (benefit) provision</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,448,928
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,956,679
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,519,398
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,379,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,238,608
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(393,135
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,360,594
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,779,422
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,938,570
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,532,084
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(415,865
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,037
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total income tax expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>825,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A reconciliation of our effective income tax rate as a percentage of pre-tax income or loss to the U.S. federal statutory rate is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">U.S. federal statutory rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">REIT non-taxable income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State and local income taxes, net of</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">federal tax benefit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Change in valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Effective income tax rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The significant components of our deferred tax assets and liabilities of our TRS Consolidated Group were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred tax assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expenses not currently deductible</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,427,946
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,441,408
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan loss reserve</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,486,037
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net operating and capital loss carryforwards</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,378
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,714,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,959,882
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,320,476
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred tax assets, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,173,479
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred tax liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest in equity affiliates—net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,179,189
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Intangibles</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,859,698
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mortgage servicing rights</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,550,613
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>857,940
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred tax liabilities, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,447,440
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016, our TRS Consolidated Group had $23.2 million of deferred tax assets net of a $7.0 million valuation allowance. The deferred tax assets consist of expenses not currently deductible, loan loss reserves and net operating loss carryforwards. Our TRS Consolidated Group's deferred tax assets are offset by $36.4 million in deferred tax liabilities, consisting of timing differences from investments in equity affiliates, intangibles and mortgage servicing rights.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2015, our TRS Consolidated Group, had $3.8 million of deferred tax assets net of a $12.3 million valuation allowance. The deferred tax assets consist of expenses not currently deductible and net operating and capital loss carryforwards. Our TRS Consolidated Group's deferred tax assets are offset by $3.8 million in deferred tax liabilities, consisting of timing differences from investments in equity affiliates.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, the REIT (excluding the TRS Consolidated Group) had approximately $79.7 million of federal and state net operating loss carryforwards and no capital loss carryforwards. A substantial portion of the net operating losses will expire between 2030 and 2033.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The TRS Consolidated Group has federal and state net operating loss carryforwards as of December 31, 2016 and 2015 of approximately $0.5 million and $12.3 million, respectively, which will expire through 2031. As a result of the acquisition of the Agency Business, the TRS Consolidated Group utilized $11.3 million of net operating losses.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have assessed our tax positions for all open years, which includes 2013-2016, and have concluded that there were no material uncertainties to be recognized. We have not recognized any interest and penalties related to tax uncertainties in 2016, 2015 and 2014.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
80101
286571
264289
825000
825000
300000
525000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Income Taxes.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We organize and conduct our operations to qualify as a REIT and to comply with the provisions of the Internal Revenue Code with respect thereto. A REIT is generally not subject to federal income tax on its REIT-taxable income that it distributes to its stockholders, provided that it distributes at least 90% of its REIT-taxable income and meets certain other requirements. Certain REIT income may be subject to state and local income taxes.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Agency Business mainly operates through a TRS, which is a part of our TRS Consolidated Group and may be subject to U.S. federal, state and local income taxes. In general, our TRS entities may hold assets that the REIT cannot hold directly and may engage in real estate or non-real estate-related business. Current and deferred taxes are recorded on the portion of earnings (losses) recognized by us with respect to our interest in TRSs. Deferred income tax assets and liabilities are calculated based on temporary differences between our GAAP consolidated financial statements and the federal, state, local tax basis of assets and liabilities as of the consolidated balance sheets. We evaluate the realizability of our deferred tax assets (e.g., net operating loss and capital loss carryforwards) and recognize a valuation allowance if, based on the available evidence, it is more likely than not that some portion or all of our deferred tax assets will not be realized. When evaluating the realizability of our deferred tax assets, we consider estimates of expected future taxable income, existing and projected book/tax differences, tax planning strategies available and the general and industry specific economic outlook.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We periodically evaluate tax positions to determine whether it is more likely than not that such positions would be sustained upon examination by a tax authority for all open tax years, as defined by the statute of limitations, based on their technical merits. We report interest and penalties related to tax uncertainties as a component of the income tax provision.</font>
</p><div /></div> </div>
5687545
4876191
11938362
2212738
-2624389
3832183
224696
149578
425458
17100000
3200000
8700000
17100000
3200000
8700000
73310000
97489884
97489884
47903458
49720132
63622771
1792432
3886878
57943461
1900000
1400000
1800000
58812886
13282028
64932754
22632167
14140346
14878213
13069852
55089124
-1792432
2663405
54218151
17265284
12669999
12083989
106716344
106768542
116172621
6550283
109622338
7900000
7884344
2539274
2539274
2500000
2300000
900000
1200000
100000
300000
200000
200000
300000
1100000
200000
2300000
2800000
100000
300000
400000
1000000
0
900000
400000
1000000
1000000
1200000
3500000
400000
200000
700000
42756229
43938914
53012299
-200000
0
0
8669203
2939465
2939465
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Loans, Investments and Securities.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for loan losses when such loan or investment is deemed to be impaired. We invest in preferred equity interests that, in some cases, allow us to participate in a percentage of the underlying property's cash flows from operations and proceeds from a sale or refinancing. At the inception of each such investment, we determine whether such investment should be accounted for as a loan, equity interest or as real estate. To date, we have determined that all such investments are properly accounted for and reported as loans.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At the time of purchase, we designate a security as available-for-sale, held-to-maturity, or trading depending on our ability and intent for the security. Securities available-for-sale are reported at fair value with the net unrealized gains or losses reported as a component of accumulated other comprehensive income (loss). Unrealized losses that are determined to be other-than-temporary are recognized in earnings up to their credit component. The determination of other-than-temporary impairment is a subjective process requiring judgments and assumptions and is not necessarily intended to indicate a permanent decline in value. The process includes, but is not limited to, assessment of recent market events and prospects for near-term recovery, assessment of cash flows, internal review of the underlying assets securing the investments, credit of the issuer and the rating of the security, as well as our ability and intent to hold the investment to maturity. We closely monitor market conditions on which we base such decisions.</font>
</p><div /></div> </div>
100000
30870235
25923679
92796
578000
425000
100
1894727
1955933
33948853
28917457
83222
578000
425000
100
1894727
2050347
33948853
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Investments in Equity<br />Affiliates at</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Equity Affiliates </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB of Loans to<br />Equity Affiliates at<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Arbor Residential Investor LLC</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,917,457
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,923,679
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">West Shore Café</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,050,347
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,955,933
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,687,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Lightstone Value Plus REIT L.P. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,894,727
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Issuers of Junior Subordinated Notes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">JT Prime</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">East River Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,222
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92,796
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,705,938
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Lexford Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,948,853
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,870,235
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,393,438
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 8—Available-for-Sale Securities</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our available-for-sale securities generally consist of debt and equity securities and Agency Business commercial mortgage interest-only securities ("Agency IOs") from loans sold and securitized under the Freddie Mac SBL Program.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Debt and Equity Securities</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We own common stock of CV Holdings, Inc., formerly Realty Finance Corporation, a commercial real estate specialty finance company. In addition, we purchased a federal home loan mortgage corporation security at a premium for $1.6 million in the fourth quarter of 2015. This security bore interest at a fixed rate of 3.241% with a scheduled maturity in 2024. We sold this security in January 2016 for $1.6 million and recognized a gain of less than $0.1 million. These securities are classified as available-for-sale and are carried at their estimated fair value with unrealized gains and losses reported in accumulated other comprehensive income (loss).</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a summary of the debt and equity securities classified as available-for-sale:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized<br />Cost</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cummulative<br />Unrealized Gain</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying Value /<br />Estimated<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>558,499
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>617,288
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal Home Loan Mortgage Corporation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Agency IOs</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with the Acquisition, we are now an approved seller/servicer under the Freddie Mac SBL Program and originate and sell loans to Freddie Mac, which are then pooled and securitized. Prior to the Acquisition and upon securitization of SBL Program loans, our Manager received Agency IOs under the SBL Program that we acquired in the Acquisition. We elected the fair value option for the Agency IOs, which requires changes in fair value to be recognized through earnings. We record such gains and losses to gain on sales, including fee-based services, net in the consolidated statements of income. The Agency IOs are classified as securities available-for-sale on the consolidated balance sheets. As a result of changes in the Freddie Mac SBL Program in 2016, we do not expect to receive Agency IOs from future securitizations.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our Agency IOs activity is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions from the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,908,283
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Settlements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(122,108
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Additionally, as part of the SBL Program securitizations, we are required to purchase the bottom tranche bond, generally referred to as "the B Piece," that represents the bottom 10%, or highest risk of the securitization. During 2016, we had an agreement in place whereby a third party investor agreed to purchase the B Piece from the SBL Program securitization, at par, upon issuance of all securitizations related to us, resulting in the transfer of the risk to the purchaser of the bond.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
157117130
157117130
104073847
157100000
157858555
157858555
105649537
105649537
157900000
19900000
13978223
1200000
17500457
38647446
23763640
14883806
600000
5000000
5000000
25000000
1262301169
760123854
2223748318
51217864
730086535
730768159
1441762295
1827391944
2970786246
25000000
30000000
150000000
100000000
16500000
16500000
150000000
150000000
50000000
50000000
100000000
75000000
50000000
3000000
16500000
150000000
100000000
150000000
50000000
50000000
100000000
400000000
150000000
75000000
75000000
40000000
325000000
350000000
500000000
122277411
115487320
86761575
49100000
83711575
77600000
49100000
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Capitalized Mortgage Servicing Rights.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We recognize, as separate assets, rights to service mortgage loans for others, including such rights that are created by the origination of mortgage loans that are sold with the servicing rights retained by the originator. Income from MSRs is recognized when we record a derivative asset upon the commitment to originate a loan with a borrower and sell the loan to an investor. This commitment asset is recognized at fair value based on our internal medel, which reflects the estimated fair value of the discounted expected net cash flows associated with the servicing of the loan. When a mortgage loan is sold, we retain the right to service the loan and recognize the MSR at the initial capitalized valuation. We amortize MSRs using the amortization method, which requires the MSRs to be amortized over the period of estimated net servicing income or loss and that the servicing assets or liabilities be assessed for impairment, or increased obligation, based on the fair value at each reporting date. Amortization of MSRs is recorded as a reduction of servicing revenues, net in the consolidated statements of income. The following assumptions were used in calculating each loan's MSR for the periods presented:</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-size:10pt;text-decoration:underline;">Key rates:</font><font style="display:inline;font-family:Times;font-size:10pt;"> We used discount rates ranging from 8% to 15%, representing a weighted average discount rate of 13%, based on our best estimate of market discount rates to determine the present value of MSRs. The inflation rate used for adequate compensation was 3%.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-size:10pt;text-decoration:underline;">Servicing Cost:</font><font style="display:inline;font-family:Times;font-size:10pt;"> The estimated future cost to service the loan for the estimated life of the MSR is subtracted from the estimated future cash flows.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> </font><font style="display:inline;font-family:Times;font-size:10pt;text-decoration:underline;">Estimated Life:</font><font style="display:inline;font-family:Times;font-size:10pt;"> We estimate the life of our MSRs based upon the stated yield maintenance and/or prepayment protection term of the underlying loan and may be reduced by 6 to 12 months based upon the expiration of various types of prepayment penalty and/or lockout provisions prior to that stated maturity date.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> MSRs are initially recorded at fair value and are carried at amortized cost. Fair values are estimated considering market prices for similar MSRs, when available, and by estimating the present value of the future net cash flows of the capitalized MSRs, net of adequate compensation for servicing. Adequate compensation is based on the market rate of similar servicing contracts. We estimate the terms of commercial servicing for each loan by assuming that servicing would not end prior to the yield maintenance date, if applicable, at which point the prepayment penalty expires. MSRs are amortized in proportion to and over the period of estimated net servicing income. We engage an independent third party to assist in determining an estimated fair value of our MSR portfolio on a quarterly basis.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We evaluate the MSR portfolio for impairment on a quarterly basis based on the difference between the aggregate carrying amount of the MSRs and their aggregate fair value. We engage an independent third-party valuation expert to assist in determining an estimated fair value of our MSR portfolio. For purposes of impairment evaluation, the MSRs are stratified based on predominant risk characteristics of the underlying loans, which we have identified as loan type, note rate and yield maintenance provisions. To the extent that the carrying value of the MSRs exceeds fair value, a valuation allowance is established.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We record write-offs of MSRs related to loans that were repaid prior to their expected maturity and loans that have defaulted and determined to be unrecoverable. When this occurs, the write-off is recorded as a direct write-down to the carrying value of MSRs and is included as a component of servicing revenue, net in the consolidated statements of income. This direct write-down permanently reduces the carrying value of the MSRs, precluding recognition of subsequent recoveries.</font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 4—Loans and Investments</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following tables set forth the composition of our Structured Business loan and investment portfolio:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan<br />Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Remaining<br />Months to<br />Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First<br />Dollar<br />LTV<br />Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last<br />Dollar<br />LTV<br />Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,602,658,179
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>120
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.59
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,124,566
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.09
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,120,639
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>91
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>144
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.71
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10,716,040
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(83,711,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loan<br />Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Pay Rate(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Remaining<br />Months to<br />Maturity</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First<br />Dollar<br />LTV<br />Ratio(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last<br />Dollar<br />LTV<br />Ratio(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Bridge loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,353,132,435
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.48
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mezzanine loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,390,905
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.19
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior participation loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.50
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89,346,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.52
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>128
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.63
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17.7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,030,129
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">"Weighted Average Pay Rate" is a weighted average, based on the UPB of each loan in our portfolio, of the interest rate required to be paid monthly as stated in the individual loan agreements. Certain loans and investments that require an additional rate of interest "Accrual Rate" to be paid at maturity are not included in the weighted average pay rate as shown in the table.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The "First Dollar LTV Ratio" is calculated by comparing the total of our senior most dollar and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will absorb a total loss of our position.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The "Last Dollar LTV Ratio" is calculated by comparing the total of the carrying value of our loan and all senior lien positions within the capital stack to the fair value of the underlying collateral to determine the point at which we will initially absorb a loss.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During the first quarter of 2015, we acquired a $116.0 million defaulted first mortgage note, at par, that paid off in the subsequent quarter resulting in the recognition of income totaling $6.7 million, net of fees and expenses. The $6.7 million of income consisted of other interest income totaling $7.9 million, partially offset by $1.2 million of expenses that were recorded in employee compensation and benefits. In the second quarter of 2016, additional funds held in escrow from the note payoff were released following an arbitration proceeding and we recognized income totaling $1.9 million, net of fees and expenses. The $1.9 million of income consisted of other interest income totaling $2.5 million, partially offset by $0.6 million of expenses that were recorded in employee compensation and benefits.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Concentration of Credit Risk</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We are subject to concentration of credit risk in that, at December 31, 2016, the UPB related to 35 loans with five different borrowers represented 16% of total assets. At December 31, 2015, the UPB related to 22 loans with five different borrowers represented 22% of total assets. During both 2016 and 2015, no single loan or investment represented 10% of our total assets and no single investor group generated 10% of our revenue.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We assign a credit risk rating to each loan and investment that range from one to five, with one being the lowest risk and five being the highest. Each credit risk rating has benchmark guidelines that pertain to debt-service coverage ratios, LTV ratios, borrower strength, asset quality, and funded cash reserves. Other factors such as guarantees, market strength, remaining loan term and borrower equity are also reviewed and factored into determining the credit risk rating assigned to each loan. This metric provides a helpful snapshot of portfolio quality and credit risk. Given our asset management approach, however, the risk rating process does not result in differing levels of diligence contingent upon credit rating. That is because all portfolio assets are subject to the level of scrutiny and ongoing analysis consistent with that of a "high-risk" loan. Assets are subject to, at minimum, a thorough quarterly financial evaluation in which historical operating performance and forward-looking projections are reviewed. Generally speaking, given our typical loan profile, a risk rating of three suggests that we expect the loan to make both principal and interest payments according to the contractual terms of the loan agreement, and is not considered impaired. A risk rating of four indicates we anticipate the loan will require a modification of some kind. A risk rating of five indicates we expect the loan to underperform over its term, and there could be loss of interest and/or principal. Ratings of 3.5 and 4.5 generally indicate loans that have characteristics of both the immediately higher and lower classifications. Further, while the above are the primary guidelines used in determining a certain risk rating, subjective items such as borrower strength, condition of the market of the underlying collateral, additional collateral or other credit enhancements, or loan terms, may result in a rating that is higher or lower than might be indicated by any risk rating matrix.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As a result of the loan review process at December 31, 2016 and 2015, we identified loans and investments that we consider higher-risk loans that had a carrying value, before loan loss reserves, of $152.9 million and $154.7 million, respectively, and a weighted average last dollar LTV ratio of 94% at both December 31, 2016 and 2015.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of the loan portfolio's weighted average internal risk ratings and LTV ratios by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage<br />of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Internal<br />Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First Dollar<br />LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last Dollar<br />LTV Ratio</font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,421,731,108
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>141,710,156
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.3
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>43
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>73
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,255,369
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>92
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,713,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt solid #000000 ;border-bottom:2pt double #000000 ;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
</p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percentage<br />of Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Internal<br />Risk Rating</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />First Dollar<br />LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Last Dollar<br />LTV Ratio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,083,822,788
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>70
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,829,086
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>75
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164,410,838
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>66,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,813,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,545,126,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>76
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Geographic Concentration Risk</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, 25%, 15%, 14% and 13% of the outstanding balance of our loan and investment portfolio had underlying properties in New York, California, Florida and Texas, respectively. As of December 31, 2015, 34%, 14%, 14% and 12% of the outstanding balance of our loan and investment portfolio had underlying properties in New York, Florida, California and Texas, respectively.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Impaired Loans and Allowance for Loan Losses</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We evaluate each loan in our portfolio quarterly to assess the performance of our loans and whether a reserve for impairment should be recorded. We measure our relative loss position for our mezzanine loans, junior participation loans and preferred equity investments by determining the point where we will be exposed to losses based on our position in the capital stack as compared to the fair value of the underlying collateral. We determine our loss position on both a first dollar loan-to-value ("LTV") and a last dollar LTV basis, as defined above. A summary of the changes in the allowance for loan losses is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,277,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,509,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,026,712
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-off on loan reclassification to real estate owned, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Recoveries of reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(150,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(734,894
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,711,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,487,320
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2015, we determined that the fair value of the underlying collateral securing five impaired loans with an aggregate carrying value of $125.3 million was less than the net carrying value of the loans, resulting in a $6.5 million provision for loan losses. In addition, during 2015, we recorded $2.0 million of net recoveries of previously recorded loan loss reserves resulting in a $4.5 million net provision. These recoveries were recorded in provision for loan losses in the consolidated statements of income. Of the $6.5 million of loan loss reserves recorded during 2015, $4.0 million was attributable to loans on which we had previously recorded reserves, while $2.5 million of reserves related to other loans in our portfolio.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2014, we determined that the fair value of the underlying collateral securing four impaired loans with an aggregate carrying value of $151.9 million was less than the net carrying value of the loans, resulting in a $9.0 million provision for loan losses. In addition, during 2014, we recorded $9.3 million of net recoveries of previously recorded loan loss reserves resulting in a $(0.3) million net recovery provision. These recoveries were recorded in provision for loan losses in the consolidated statements of income. Of the $9.0 million of loan loss reserves recorded during 2014, $3.8 million was attributable to loans on which we had previously recorded reserves, while $5.2 million of reserves related to other loans in our portfolio.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016, 2015 and 2014, we had a total of eight, nine and ten loans, respectively, with an aggregate carrying value, before loan loss reserves, of $187.4 million, $189.2 million and $221.6 million, respectively, for which impairment reserves have been recorded.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of charge-offs and recoveries by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Charge-offs:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Recoveries:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193,106
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>754,394
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,815,724
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,287,869
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193,106
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,042,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net Recoveries (Charge-offs)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,765,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,457,737
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,814,645
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ratio of net recoveries (charge-offs) during the period to average loans and investments outstanding during the period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> There were no loans for which the collateral securing the loan was less than the carrying value of the loan for which we had not recorded a provision for loan loss as of December 31, 2016, 2015 and 2014.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2016, we received a $1.8 million discounted payoff on an impaired bridge loan with a carrying value before reserves of $4.8 million, resulting in the recognition of an additional provision for loan losses of $0.1 million and a charge-off of $3.0 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2015, we incurred a $32.0 million charge-off of previously recorded reserves due to the write-off of a fully reserved junior participation loan. We also charged-off $2.5 million in connection with the transfer of an office building by deed in lieu of foreclosure to real estate owned, net.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During 2014, we incurred a $6.5 million charge-off to previously recorded reserves from the write-off of a mezzanine loan and a bridge loan that had an aggregate carrying value of $11.9 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have six loans with a carrying value totaling $121.1 million at December 31, 2016, which mature in September 2017, that are collateralized by a land development project. The loans do not carry a current pay rate of interest, but five of the loans with a carrying value totaling $111.8 million entitle us to a weighted average accrual rate of interest of 8.29%. We suspended the recording of the accrual rate of interest on these loans, as they were impaired and we deemed the collection of this interest to be doubtful. We have recorded cumulative allowances for loan losses of $49.1 million related to these loans as of December 31, 2016 and 2015. The loans are subject to certain risks associated with a development project including, but not limited to, availability of construction financing, increases in projected construction costs, demand for the development's outputs upon completion of the project, and litigation risk. Additionally, these loans were not classified as non-performing as the borrower is in compliance with all of the terms and conditions of the loans.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our impaired loans by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance for<br />Loan Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average<br />Recorded<br />Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest<br />Income<br />Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,542,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,450,618
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,455,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,952,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,887
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,562,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,778,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,571,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>93,732
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>131,085,948
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>125,925,677
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,883,478
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>129,277,308
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,496,296
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,155,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>197,640,645
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>187,351,035
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83,711,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,251,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,405,933
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Allowance for<br />Loan Losses</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Average<br />Recorded<br />Investment(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest<br />Income<br />Recognized</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,362,115
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,350,764
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,505,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,301,005
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>314,910
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,580,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,796,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,972,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,833,582
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,804,967
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>127,468,667
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122,875,774
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53,883,478
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>124,639,534
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Hotel</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,486,433
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,050,312
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>198,861,364
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>189,209,415
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86,761,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,374,121
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,170,189
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents the UPB of impaired loans less unearned revenue and other holdbacks and adjustments and was comprised of eight and nine loans at December 31, 2016 and 2015, respectively.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents an average of the beginning and ending UPB of each asset class.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, three fully reserved loans with an aggregate carrying value of $22.9 million were classified as non-performing. As of December 31, 2015, three loans with an aggregate net carrying value of less than $0.1 million, net of related loan loss reserves on the loans of $22.9 million, were classified as non-performing. Income from non-performing loans is generally recognized on a cash basis when it is received. Full income recognition will resume when the loan becomes contractually current and performance has recommenced.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our non-performing loans by asset class is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,853,097
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,853,097
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016 and 2015, we had no loans contractually past due 90 days or more that are still accruing interest.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of loan modifications, refinancings and/or extensions by asset class that we considered to be troubled debt restructurings were as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number<br />of Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original<br />Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original<br />Wtd. Avg.<br />Rate of<br />Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended<br />Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended<br />Wtd. Avg.<br />Rate of<br />Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,646,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.57
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,646,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.57
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,315,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.03
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,315,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.03
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,961,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.36
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,961,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.36
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> There were no loans in which we considered the modifications to be troubled debt restructurings that were subsequently considered non-performing as of December 31, 2016 and 2015 and no additional loans were considered to be impaired due to our troubled debt restructuring analysis for the years ended December 31, 2016 and 2015. We had no unfunded commitments and $0.1 million of unfunded commitments on the extended loans which were considered troubled debt restructurings as of December 31, 2016 and 2015, respectively. These loans were modified to increase the total recovery of the combined principal and interest from the loan.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Given the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve, based on contractual requirements, to cover debt service costs. As of December 31, 2016, we had total interest reserves of $20.4 million on 75 loans with an aggregate UPB of $1.01 billion. As of December 31, 2015, we had total interest reserves of $17.2 million on 63 loans with an aggregate UPB of $895.4 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
0.0480
0.0790
0.055
0.0450
0.0500
0.0450
0.0450
0.0450
0.0450
0.0550
0.0279
0.0650
0.0400
0.1185
0.0425
0.1275
0.0300
0.0600
0.0575
0.0790
0.0310
1545126045
40390905
89346123
1353132435
62256582
1790159966
57124566
68120639
1602658179
62256582
LIBOR
one-month LIBOR
LIBOR
one month LIBOR
one month LIBOR
one month LIBOR
one month LIBOR
one month LIBOR
one month LIBOR
one month LIBOR
one month LIBOR
673367304
124102000
56247
538189475
673367304
662347722
0
673367304
683833449
683833449
2068148223
80660038
175858000
836398004
160360025
230601875
274608500
390321819
P60D
32407554
2234823
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 13—Allowance for Loss-Sharing Obligations</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> A summary of our allowance for loss-sharing obligations related to the Fannie Mae DUS program is as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Beginning balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loss-sharing obligations assumed in the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,616,821
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provisions for loss sharing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,234,823
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-offs, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,444,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ending balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,407,554
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> When we settle a loss under the DUS loss-sharing model, the net loss is charged-off against the previously recorded loss-sharing obligation. The settled loss is often net of any previously advanced principal and interest payments in accordance with the DUS program, which are reflected as reductions to the proceeds needed to settle losses. At December 31, 2016, we had outstanding advances of $0.3 million, which were netted against the allowance for loss-sharing obligations.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016, the maximum quantifiable liability associated with our guarantees under the Fannie Mae DUS agreement was $2.04 billion. The maximum quantifiable liability is not representative of the actual loss we would incur. We would be liable for this amount only if all of the loans we service for Fannie Mae, for which we retain some risk of loss, were to default and all of the collateral underlying these loans was determined to be without value at the time of settlement.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
2040000000
3
2
73
2
159897193
6793846
6793846
<div> <div>
<p style="margin:5pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">SCHEDULE IV—LOANS AND OTHER LENDING INVESTMENTS</font>
</p>
<p style="margin:5pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">DECEMBER 31, 2016</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Periodic<br />Payment<br />Terms(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity<br />Date(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Pay<br />Rate<br />Index(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Prior Liens</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face<br />Amount(4)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Amount(5)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Amount<br />Subject to<br />Delinquent<br />Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Bridge Loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Bridge loans in excess of 3% of carrying amount of total loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017 - 2019</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 4.25% - 11.85%<br />Floor 0.21% - 0.50%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231,500,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>231,220,314
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">CA</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 0.00% - 11.64%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111,816,630
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,751,422
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Bridge loans less than 3% of carrying amount of total loans (6):</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017 - 2020</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 3.00% - 12.75%<br />Floor 0.15% - 0.68%<br />Fixed 3.00% - 12.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,138,947,205
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,133,734,499
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">CA</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 4.00%<br />Floor 0.15%<br />Fixed 10.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,505,770
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,687,500
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017 - 2020</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 3.10% - 7.90%<br />Floor 0.50%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,833,574
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,941,335
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Hotel</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">NY</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO / PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2019</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 6.50%<br />Floor 0.45%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,000,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,769,136
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Commercial</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 5.75% - 6.00%<br />Floor 0.25%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,505,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,478,875
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Healthcare</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">OR</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2018</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR + 5.50%<br />Floor 0.25%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,550,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,543,286
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,259,341,549
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,247,154,631
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Bridge Loans</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,602,658,179
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,541,126,367
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Mezzanine Loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Mezzanine loans less than 3% of carrying amount of total loans (6):</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO / PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017 - 2025</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 5.00% - 12.50%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>118,946,696
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,233,265
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,105,313
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 12%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,932,968
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,932,969
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">CA</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 11%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>115,434,591
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,000,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,964,371
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Retail</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">FL</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2024</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 12.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,421,181
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,958,333
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,958,333
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="3" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Mezzanine Loans</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>266,802,468
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,124,566
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,960,986
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Junior Participations:</font></p>
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<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:9pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Junior participation loans less than 3% of carrying amount of total loans (6):</font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO / PI</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 4.00% - 7.58%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,144,153
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,981,343
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="3" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Junior Participations</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,263,144,153
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,256,582
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,981,343
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Periodic<br />Payment<br />Terms(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maturity<br />Date(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Interest Pay<br />Rate<br />Index(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Prior Liens</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face<br />Amount(4)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Amount(5)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Amount<br />Subject to<br />Delinquent<br />Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Preferred Equity Loans:</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="18" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:9pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Preferred equity loans less than 3% of carrying amount of total loans (6):</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<br /><font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Multifamily</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Various</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017 - 2024</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 8.00% - 14.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,428,394
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,050,639
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,010,547
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Hotel</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IL</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2019</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Libor + 2.79%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,500,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,750,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,050,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Land</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">NY</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 12.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,950,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Office</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">SC</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2024</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 15.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,226,155
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,620,000
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,603,108
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Commercial</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">NY</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">2017</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Fixed 6.00%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,792,384
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Preferred Equity Loans</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>151,896,933
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>68,120,639
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,663,655
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td colspan="5" valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total Loans</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,681,843,554
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,790,159,966
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
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<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
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<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(1)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">IO = Interest Only, PI = Principal and Interest.</font></p>
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<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(2)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Maturity date does not include possible extensions.</font></p>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(3)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">References to LIBOR are to one-month LIBOR unless specifically stated otherwise.</font></p>
</td>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(4)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">During 2016, $569.1 million of loans were extended.</font></p>
</td>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(5)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The federal income tax basis is approximately $1.79 billion.</font></p>
</td>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(6)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Individual loans each have a carrying value less than 3% of total loans.</font></p>
</td>
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</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table reconciles our loans and investments carrying amounts for the periods indicated:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Balance at beginning of year</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,523,699,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions during period:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">New loan originations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>847,682,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>944,250,824
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,666,405
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Funding of unfunded loan commitments(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,851,443
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,929,472
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>907,052
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Accretion of unearned revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,296,775
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,555,539
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,976,577
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-off on loan converted to real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Recoveries of reserves</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193,106
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,042,263
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,315,724
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deductions during period:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan payoffs and paydowns</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(556,892,792
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(946,078,251
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(967,084,679
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unfunded loan commitments(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(50,691,329
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,225,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(753,502
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Use of loan charge-offs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,959,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,501,079
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan converted to real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loan losses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(59,005
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,509,149
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,026,712
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned revenue and costs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,982,688
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,907,007
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,224,868
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Satisfaction of participation loan</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,300,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Balance at end of year</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,450,334,341
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,459,475,650
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">In accordance with certain loans and investments, we have outstanding unfunded commitments that we are obligated to fund as the borrowers meet certain requirements. Specific requirements include, but are not limited to, property renovations, building construction, and building conversions based on criteria met by the borrower in accordance with the loan agreements.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p><div /></div> </div>
5000000
154700000
1790159966
1602658179
152900000
150500000
57124566
68120639
1259341549
62256582
100000
231500000
111816630
5550000
26233265
25050639
1138947205
1700000
7505000
34750000
36000000
13932968
5000000
6505770
13000000
1620000
64833574
62256582
3958333
967084679
946078251
556892792
1450334341
1450334341
1481353410
968970064
1695732351
1695732351
1749130232
1749130232
957527492
1695732351
116000000
18000000
23000000
19000000
12700000
48000000
1790000000
8400000
0.0563
0.0819
0.0752
0.0548
0.0450
0.0571
0.0909
0.0683
0.0559
0.0450
0.0600
0.1200
0.1200
0.1000
0.1100
0.1500
0.1200
0.1164
0.1250
0.0500
0.1400
0.0800
0.1200
0.0300
0.0758
0.0400
900666405
944250824
847682500
2
2
128
11
10
105
2
3
22
144
12
10
120
2
3
35
1681843554
266802468
151896933
1263144153
118946696
50428394
29792384
46500000
14950000
115434591
10226155
1263144153
32421181
569100000
-15961946
-13145814
-2816132
-9971807
138290942
-50063257
-185719068
77209181
349471071
144951905
24734072
-201917252
30795356
36347689
-197617076
12131041
3649432
8481609
85792235
15010469
45875094
10498640
15343759
5022226
1134896
42796132
10238448
10888172
20534616
85792235
45875094
42796132
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Recently Adopted Accounting Pronouncements</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Description</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effective Date</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effect on Financial Statements</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2015-06, Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments. This ASU amended the guidance on measurement-period adjustments arising from business combinations.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2016.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance did not have an impact on our consolidated financial statements.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In February 2015, the FASB issued ASU 2015-02, Consolidation: Amendments to the Consolidation Analysis. This ASU amended the guidance on the consolidation analysis related to VIEs.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2016.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance did not have a material impact on our consolidated financial statements. See Note 17—Variable Interest Entities for further details.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-size:10pt;"> </font>
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<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Recently Issued Accounting Pronouncements</font>
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<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
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<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Description</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effective Date</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effect on Financial Statements</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment. This ASU eliminates step two from the goodwill impairment test, which measures a goodwill impairment loss by comparing the implied fair value with the carrying amount of goodwill.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2020 with early adoption permitted beginning in the first quarter of 2017.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business. This ASU provides a more robust framework to use in determining when a set of assets and activities constitutes a business. It also provides more consistency in applying the guidance, reduces the costs of application and makes the definition of a business more operable.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The potential impact of this new guidance will be assessed for future acquisitions or dispositions, but it is not expected to have a material impact on our consolidated financial statements.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash. This ASU requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated statement of cash flows.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In October 2016, the FASB issued ASU 2016-17, Consolidation: Interests Held through Related Parties That Are under Common Control. This ASU alters how a decision maker needs to consider indirect interests in a VIE held through an entity under common control and simplifies that analysis to require consideration of only an entity's proportionate indirect interest in a VIE held through a common control party. The guidance amends ASU 2015-02, which we adopted in the first quarter of 2016.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory. This ASU was issued to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted and should be applied on a modified retrospective basis.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments. This ASU provides eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 and requires adoption on a retrospective basis.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated statement of cash flows.</font></p>
</td>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments. This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Entities will be required to use forward-looking information to better form their credit loss estimates. This ASU also requires enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2020 with early adoption permitted beginning in the first quarter of 2019.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment award transactions, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2017.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance will not have a material impact on our consolidated financial statements.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In March 2016, the FASB issued ASU 2016-07, Investments—Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting. This ASU, among other things, eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods the investment was held.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2017.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance will not have a material impact on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In February 2016, the FASB issued ASU 2016-02, Leases: Presentation of Comprehensive Income. This ASU requires recognition of balance sheet assets and liabilities for leases with terms of more than 12 months and disclosure of key information about an entity's leasing arrangements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2019 with early adoption permitted and a modified retrospective approach is required.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This ASU requires equity investments (except those accounted for under the equity method or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. This ASU also eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated financial statements.</font></p>
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<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Beginning in May 2014, the FASB has issued several amendments to its guidance surrounding revenue recognition. Together, among other things, the amended guidance introduces a new framework for a single comprehensive model that can be used when accounting for revenue and supersedes most current revenue recognition guidance, including that which pertains to specific industries. The core principle states that an entity should recognize revenue to depict the transfer of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for such goods and services. It also requires expanded quantitative and qualitative disclosures that will enable financial statement users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Most revenue associated with financial instruments, including interest and loan origination fees, along with gains and losses on investment securities, derivatives and sales of financial instruments are excluded from the scope of the guidance.</font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 and permits the use of either the full retrospective or modified retrospective method.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated financial statements and our method of adoption.</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
34286714
8486343
27936612
7278650
7254484
4917135
5421295
94511341
79088328
15423013
4641223
34868259
49580564
1645465
270360
1041017
499279
541738
50000000
50000000
55119744
50000000
50000000
55119744
55119744
30400000
5000000
14600000
5100000
3000000
6300000
16700000
7100000
4600000
14600000
2
2
2
2
6000000
68649048
18669461
74067324
19057772
18338403
18001688
17972816
110919866
10261902
39994399
60663565
25169864
35741599
32035587
85792235
-4485812
90278047
45875094
1425995
44449099
43621132
41800000
8470241
35150891
22007745
3082615
1464918
2875983
3325682
3594219
7664328
12300000
500000
79700000
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 1—Description of Business</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Arbor Realty Trust, Inc. was formed in 2003 and is externally managed and advised by our Manager, ACM, pursuant to the terms of a management agreement described below. We invest in a diversified portfolio of structured finance assets in the multifamily and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages, preferred and direct equity. In addition, we may also directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. We refer to this platform as our Structured Business. As a result of the Acquisition, we also now originate, sell and service a range of multifamily finance products through Fannie Mae, Freddie Mac, Ginnie Mae, FHA, HUD and the CMBS programs. We retain the servicing rights and asset management responsibilities on substantially all loans we originate and sell under the GSE and HUD programs. We are an approved Fannie Mae DUS lender nationally, a Freddie Mac Multifamily Conventional Loan lender, seller/servicer, in New York, New Jersey and Connecticut, a Freddie Mac affordable, manufactured housing, senior housing and SBL lender, seller/servicer, nationally and a HUD MAP and LEAN senior housing/healthcare lender nationally. We refer to this platform as our Agency Business. See Acquisition of Our Manager's Agency Platform below for further details about the Acquisition.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Substantially all of our operations are conducted through our operating partnership, ARLP, for which we serve as the general partner, and ARLP's subsidiaries. We are organized to qualify as a REIT for federal income tax purposes.</font>
</p><div /></div> </div>
29558430
6969201
48184509
6982452
431476
431476
431476
-12653954
-12653954
-12653954
-6149090
-6149090
-6149090
-5207878
-5207878
-5207878
-1318318
-1318318
-1318318
-1018587
-1018587
-1018587
-192984
-192984
-192984
-335157
-335157
-335157
70605
70605
70605
146973
146973
146973
51054321
1224193
86164613
1645426
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Less Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Greater Than<br />90 Days<br />Past Due</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>680,653
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>765,799
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,472,444
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Commercial</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,700,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,853,097
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,853,097
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,938,243
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
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290000
20700000
2154732111
26029540
29495314
31797993
6793846
7096880
7553720
7553720
10573245
10776263
10617358
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4714838
2223664
588089
87800000
87755517
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44000
526499
19323597
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1551716
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 21—Employee Benefits</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In connection with the Acquisition, we assumed a 401(k) defined contribution plan (the "401(k) Plan") and a non-qualified deferred compensation plan (the "Deferred Comp Plan").</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The 401(k) Plan is available to all employees who have completed six months of continuous service. The 401(k) Plan matches 25% of the first 6% of each employee's contribution. We have the option to increase the employer match based on our operating results. In 2016, we recorded $0.3 million of expenses associated with the 401(k) Plan, which is included in employee compensation and benefits in our consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The Deferred Comp Plan is offered to certain full-time employees and is subject to the rules of section 409(a) of the Internal Revenue Code. Under the Deferred Comp Plan, which can be modified or discontinued at any time, participating employees may defer a portion of their compensation and we are contractually obligated to match the contribution, as specified in the Deferred Comp Plan, and fund such amounts upon vesting and an election by participants to redeem their interests. All employee deferrals vest immediately and matching contributions vest over a nine year period beginning after year five. For 2016, there were $0.7 million of employee deferrals. As of December 31, 2016, we had recorded liabilities totaling $3.5 million and assets of $2.8 million related to the Deferred Comp Plan, which is included in other liabilities and other assets, respectively, in our consolidated balance sheets.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
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6910656
3023326
62480893
-12054334
12131041
50349852
50349852
40932334
33602893
12126878
16426034
30904655
-308511
4466886
-134101
-134101
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 23—Selected Quarterly Financial Data—Unaudited</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following tables represent summarized quarterly financial data for 2016 and 2015:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,083,989
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,669,999
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,265,284
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,069,852
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,580,564
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,868,259
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,641,223
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,421,295
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,035,587
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,741,599
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,169,864
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,972,816
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income before gain on sale of real estate, income from equity affiliates and provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,628,966
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,796,659
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,263,357
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>518,331
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,023,134
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>607,553
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,800,689
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,929,375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,367,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,897,442
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(525,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,904,655
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,426,034
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,126,878
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,023,326
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to noncontrolling interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,481,609
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,649,432
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,534,616
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,888,172
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,238,448
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,134,896
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Basic earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.40
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.20
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.02
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Diluted earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.40
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.20
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.02
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,878,213
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,140,346
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,632,167
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,282,028
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,917,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,254,484
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,278,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,486,343
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,001,688
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,338,403
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,057,772
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,669,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate and income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,793,660
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,056,427
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,853,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,098,910
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on acceleration of deferred income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,162,720
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,009,162
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loss on termination of swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(340,197
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,289,450
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,799,657
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,984,364
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,317,339
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,353,239
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,534,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,095,913
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,910,656
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,232,189
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,387,070
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,898,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,022,226
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,343,759
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,498,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,010,469
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Basic earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Diluted earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The sum of the quarterly per share amounts may not equal per share amounts reported for year-to-date periods, due to the effects of rounding for each period.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 10—Real Estate Owned and Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our real estate assets were comprised of one hotel property and an office building at December 31, 2016 and three multifamily properties, two hotel properties and an office building at December 31, 2015.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Real Estate Owned</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel<br />Property</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Office<br />Building</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Multifamily<br />Properties</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Hotel<br />Properties</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Office<br />Building</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Land</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,293,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,509,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,802,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,538,844
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,293,651
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,509,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,341,495
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Building and intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,473,898
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,563,254
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,037,152
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,643,889
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,338,882
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,391,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>64,373,771
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less: Impairment loss</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Less: Accumulated depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8,658,737
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(489,261
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,147,998
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9,399,041
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7,329,615
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(141,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(16,869,757
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Real estate owned, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,908,812
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,582,993
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,491,805
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,783,692
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,302,918
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,758,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,845,509
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> For the years ended December 31, 2016, 2015 and 2014, our hotel properties had a weighted average occupancy rate of approximately 54%, 53% and 51%, respectively, a weighted average daily rate of approximately $100, $90 and $76, respectively, and a weighted average revenue per available room of approximately $54, $48 and $39, respectively. The operation of the hotel properties are seasonal with the majority of revenues earned in the first two quarters of the calendar year. During the second quarter of 2016, through site visits and discussion with market participants, we determined that the hotel property owned exhibited indicators of impairment and performed an impairment analysis. As a result of this impairment analysis, we recorded an impairment loss of $11.2 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At both December 31, 2016 and 2015, our office building was fully occupied.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our real estate assets had restricted cash balances totaling $0.7 million and $1.6 million as of December 31, 2016 and 2015, respectively, due to escrow requirements.</font>
</p>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Real Estate Held-For-Sale</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2016, we sold our three remaining multifamily properties and a hotel property for a total of $50.7 million and recognized a gain of $11.6 million. A portion of the sales proceeds were used to payoff the outstanding debt on the multifamily properties of $27.1 million. See Note 12—Debt Obligations for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2015, we sold three hotel properties and a multifamily property classified as held-for-sale for a total of $41.1 million and recognized a gain of $7.8 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The results of operations for properties classified as held-for-sale are summarized as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,845,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,971,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,362,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,994,346
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,224,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,243,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Depreciation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>334,631
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,562,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,877,143
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>516,254
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,185,353
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>241,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,845,231
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,971,555
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,362,030
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,994,346
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,224,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,243,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Depreciation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>334,631
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,562,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,877,143
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>516,254
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,185,353
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>241,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
16869757
9399041
7329615
141101
9147998
8658737
489261
64373771
13341495
32643889
30338882
1391000
5538844
3293651
4509000
32037152
7802651
30473898
1563254
3293651
4509000
60845509
60845509
28783692
26302918
5758899
19491805
19491805
13908812
5582993
32641249
27666252
14881275
14881275
9900000
9900000
10900000
10900000
12600000
12600000
3555948
9044052
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 20—Agreements and Transactions with Related Parties</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Management Agreement.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We, ARLP and Arbor Realty SR, Inc. have a management agreement with our Manager, pursuant to which our Manager provides us with a variety of advisory and professional services vital to our operations, including underwriting, accounting and treasury, compliance, marketing, information technology and human resources and we pay our Manager a base management fee and, under certain circumstances, an annual incentive fee.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The base management fee is an arrangement whereby we reimburse our Manager for its actual costs incurred in managing our business based on the parties' agreement in advance on an annual budget with subsequent quarterly true-ups to actual costs.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The incentive management fee is measured on an annual basis and is calculated pursuant to the terms of the management agreement. The minimum return, or incentive fee hurdle to be reached before an incentive fee is earned, is a percentage applied on a per share basis to the greater of $10.00 or the average gross proceeds per share. In addition, 60% of any loan loss and other reserve recoveries are eligible to be included in the incentive fee calculation, which recoveries are spread over a three year period.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The management agreement also allows us to consider, from time to time, the payment of additional "success-based" fees to our Manager for accomplishing certain specified corporate objectives; has a termination fee of $10.0 million; and is renewable automatically for successive one-year terms, unless terminated with six months prior written notice. If we terminate or elect not to renew the management agreement without cause, we are required to pay the termination fee of $10.0 million. We have an option, expiring in July 2018, to purchase the existing management agreement and fully internalize our management structure for $25.0 million (increasing to $27.0 million after July 2017). See Note 3—Acquisition of Our Manager's Agency Platform for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table sets forth our base management fees and incentive fees:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Management Fees: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Base</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Incentive</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total management fee</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,900,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<font style="display:inline;font-family:Times;font-size:10pt;"> For the years ended December 31, 2016, 2015 and 2014, no "success-based" payments were made.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2007, our Manager received an incentive fee installment totaling $19.0 million which was recorded as a prepaid management fee related to the incentive fee on $77.1 million of deferred revenue recognized on the transfer of control of the 450 West 33</font><font style="display:inline;font-family:Times;font-size:10pt;font-size:5pt;top:-4pt;position:relative;line-height:100%">rd</font><font style="display:inline;font-family:Times;font-size:10pt;"> Street property, which was an equity affiliate that we sold our equity interest back in 2014. The $77.1 million gain was deferred as a result of guarantying a portion of the property's indebtedness. In July 2014, the existing debt on the property was refinanced and our portion of the guarantee was terminated, resulting in the recognition of the deferred gain and a $19.0 million prepaid incentive management fee.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Other Related Party Transactions.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Due from related party was $1.5 million and $8.1 million at December 31, 2016 and 2015, respectively, and consisted primarily of paydowns to be remitted and escrows held by our affiliated servicing operations related to real estate transactions.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Due to related party was $6.0 million and $3.4 million at December 31, 2016 and 2015, respectively, and consisted primarily of base management fees due to our Manager that we remitted in the following quarter.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Related party financing was $50.0 million at December 31, 2016 and represents a $50.0 million preferred equity interest financing agreement we entered into with our Manager to finance a portion of the aggregate purchase price of the Acquisition. We incurred interest expense of $1.8 million in 2016 from this debt. See Note 12—Debt Obligations for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In September 2016, we originated $48.0 million of bridge loans on six multifamily properties owned by a consortium of investors consisting of certain of our officers, including Mr. Kaufman and our Manager, who together own interests ranging from approximately 7.8% to 9.0% in the borrowing entities. The loans have an interest rate of LIBOR plus 4.50% with a LIBOR floor of 0.25% and mature in September 2019. Interest income recorded from these loans totaled $0.7 million for 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2016, we originated a $12.7 million bridge loan and a $5.2 million preferred equity investment on two multifamily properties owned by a consortium of investors consisting of certain of our officers, including Mr. Kaufman, who together own an interest of approximately 50% in the borrowing entity. The bridge loan has an interest rate of one-month LIBOR plus 4.50% with a LIBOR floor of 0.25% and matures in January 2019. The preferred equity investment has a fixed interest rate of 10% and a maturity date of April 2016, which was extended to November 2017. Interest income recorded from these loans totaled $1.2 million for 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In January 2016, we originated a $19.0 million bridge loan on a multifamily property owned by a consortium of investors consisting of certain of our officers, including Mr. Kaufman, who together own an interest of approximately 7.5% in the borrowing entity. The loan has an interest rate of one-month LIBOR plus 4.50% with a LIBOR floor of 0.25% and matures in January 2019. Interest income recorded from this loan totaled $1.0 million for 2016.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In November 2015, we originated a $7.1 million bridge loan on a multifamily property owned by a consortium of investors consisting of certain of our officers, including Mr. Kaufman, who together own an interest of approximately 7.5% in the borrowing entity. The loan has an interest rate of LIBOR plus 4.50% with a LIBOR floor of 0.25% and a maturity date of November 2018 with two one-year extension options. Interest income recorded from this loan totaled $0.4 million and $0.1 million for 2016 and 2015, respectively.</font>
</p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> In October 2015, we originated two bridge loans totaling $16.7 million secured by multifamily properties acquired by a third party investor. The properties had been owned and were sold by a consortium of investors, consisting of certain of our officers, including Mr. Kaufman, certain other related parties and certain unaffiliated persons. The loans have an interest rate of LIBOR plus 5.00% with a LIBOR floor of 0.25% and a maturity date of October 2017. Interest income recorded from these loans totaled $1.0 million and $0.2 million for 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In April 2015, we originated a $3.0 million mezzanine loan on a multifamily property that has a $47.0 million first mortgage initially originated by our Manager. The loan bears interest at a fixed rate of 12.5% and has a maturity date of April 2025. Interest income recorded from this loan totaled $0.4 million and $0.3 million for 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In April 2015, we originated a $6.3 million bridge loan on a multifamily property owned by a consortium of investors consisting of certain of our officers, including Mr. Kaufman and our Manager, who together own an interest of approximately 90% in the borrowing entity. The loan has an interest rate of LIBOR plus 4.50% with a LIBOR floor of 0.25% and matures in April 2018. During the fourth quarter of 2016, the loan was repaid in full and we received proceeds of $6.3 million, which was allocated to the consortium of investors. Interest income recorded from this loan totaled $0.4 million and $0.2 million for 2016 and 2015, respectively.</font>
</p>
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<font style="display:inline;font-family:Times;font-size:10pt;"> In February 2015, we modified an $18.0 million preferred equity investment, increasing our balance to $23.0 million with a fixed interest rate of 10% and a maturity date in February 2018. To accomplish the modification, we formed a joint venture with a consortium of investors consisting of certain of our officers, including Mr. Kaufman, and other related parties, to invest in an additional $2.0 million preferred equity investment that is generally subordinate to ours. During the second quarter of 2016, the preferred equity investment was repaid in full and we received proceeds of $1.0 million, which was allocated to the consortium of investors. Interest income recorded from this loan was $1.0 million and $2.3 million for 2016 and 2015, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2015, we invested $9.6 million for 50% of our Manager's indirect interest in a joint venture with a third party that was formed to invest in a residential mortgage banking business. As a result of this transaction, we had an initial indirect interest of 22.5% in this entity. In 2015, we also invested a total of $9.7 million through this joint venture in non-qualified residential mortgages purchased from the mortgage banking business's origination platform. During 2016, we funded an additional $5.9 million into these non-qualified residential mortgages and received cash distributions totaling $13.0 million as a result of the joint venture selling most of its mortgage assets. We recorded income of $10.0 million and $6.0 million from these investments during 2016 and 2015, respectively. See Note 9—Investment in Equity Affiliates for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2014, we invested $0.1 million for a 5% interest in a joint venture that owns two multifamily properties. The joint venture is comprised of a consortium of investors consisting of certain of our officers, including Mr. Kaufman, and other related parties, who together own an interest of 95%. In 2014, we originated two bridge loans totaling $5.0 million to the joint venture with an interest rate of 5.5% over one-month LIBOR and a maturity date extended as of right to September 2016. During the third quarter of 2016, one of the loans was repaid in full and we received proceeds of $3.3 million, which was allocated to the consortium of investors, and the remaining loan was extended as of right to March 2017. Interest income recorded from these loans totaled $0.2 million, $0.3 million and $0.1 million for 2016, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2014, we originated a $30.4 million bridge loan for an office property owned by a consortium of investors, including Mr. Kaufman and his affiliates, who together own an interest of approximately 24% in the borrowing entity. The loan has an interest rate of LIBOR plus 7.90% with a LIBOR floor of 0.50% and a maturity date that was extended to July 2017. In January 2016, we also originated a $4.6 million mezzanine loan to this entity that has a fixed interest rate of 12% and a maturity date that was extended to July 2017. Interest income recorded from these loans totaled $3.5 million, $2.8 million and $1.2 million for 2016, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2014, our Manager purchased a property subject to two loans originated by us, a first mortgage of $14.6 million and a second mortgage of $5.1 million, both with maturity dates of April 2016 and an interest rate of LIBOR plus 4.80%. During the first quarter of 2016, the $5.1 million second mortgage was repaid in full by our Manager. The $14.6 million first mortgage was extended to March 2018. Interest income recorded from these loans totaled $0.9 million, $1.1 million and $0.9 million for 2016, 2015 and 2014, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In June 2013, our Board of Directors formed a special committee consisting of independent directors in connection with the acquisition of our Manager's Agency Business, as well as the option to internalize the management of our current business. In February 2016, we entered into a Purchase Agreement and on July 14, 2016 we completed the Acquisition for $275.8 million. See Note 3—Acquisition of Our Manager's Agency Platform for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In 2011, we restructured a preferred equity investment on the Lexford Portfolio ("Lexford"), which is a portfolio of multifamily assets. In connection with this restructuring, we, along with an executive officer of ours and a consortium of independent outside investors, made an additional preferred and direct equity investment. Both of our preferred equity investments were repaid in full by the third quarter of 2015. Interest income recorded from such preferred equity investments was $0.2 million for 2015. As a result of the direct equity investment, which was also repaid in the third quarter of 2015, we received distributions totaling $2.8 million and $5.5 million during 2016 and 2015, respectively, which were recorded as income from equity affiliates. In addition, under the terms of the restructuring, Lexford's first mortgage lender required a change of property manager for the underlying assets. The new management company is owned primarily by a consortium of affiliated investors including Mr. Kaufman and an executive officer of ours, and has a contract with the new entity for 7.5 years and is entitled to 4.75% of gross revenues of the underlying properties, along with the potential to share in the proceeds of a sale or refinancing of the debt should the management company remain engaged by the new entity at the time of such capital event. We have provided limited ("bad boy") guarantees for certain debt controlled by Lexford. The bad boy guarantees may become a liability for us upon standard "bad" acts such as fraud or a material misrepresentation by Lexford or us. At December 31, 2016, this debt had an aggregate outstanding balance of $847.7 million and is scheduled to mature between 2017 and 2025.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Interest income recorded from loans originated in 2013 or prior years with our affiliates totaled $0.3 million and $2.3 million for 2015 and 2014, respectively. There was no interest income recorded in 2016 from these transactions.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We are dependent upon our Manager with whom we have a conflict of interest, to provide services to us that are vital to our operations. Our chairman, chief executive officer and president, Mr. Kaufman, is also the chief executive officer and president of our Manager, and, our chief financial officer and treasurer, Mr. Elenio, is the chief financial officer of our Manager. In addition, Mr. Kaufman and his affiliated entities ("the Kaufman Entities") together beneficially own approximately 92% of the outstanding membership interests of our Manager and certain of our employees and directors also hold an ownership interest in our Manager. Furthermore, one of our former directors is general counsel to our Manager and another of our directors also serves as the trustee of one of the Kaufman Entities that holds a majority of the outstanding membership interests in our Manager and co-trustee of another Kaufman Entity that owns an equity interest in our Manager. Our Manager holds 5,349,053 of our common shares, and upon the closing of the Acquisition in July 2016, our Manager was issued 21,230,769 OP Units, each paired with one share of our Special Voting Preferred Shares which in total represents approximately 36.6% of the voting power of our outstanding stock. Our Board of Directors approved a resolution under our charter allowing Mr. Kaufman and our Manager, (which Mr. Kaufman has a controlling equity interest in), to own more than the 5% ownership interest limit of our common stock as stated in our charter as amended.</font>
</p>
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382019058
636939891
3571929021
22766647
10300000
30984357
27155000
27100000
307482803
312071055
48301244
6438304
11418227
25135492
1600000
42992023
46695819
29314929
5320715
8680878
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14432488
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13100000
13084878
16230051
-136118001
-125134403
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Revenue Recognition.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Interest income is recognized on the accrual basis as it is earned. In certain instances, the borrower pays an additional amount of interest at the time the loan is closed, an origination fee, a prepayment fee and/or deferred interest upon maturity. In some cases, interest income may also include the amortization or accretion of premiums and discounts arising from the purchase or origination of the loan or security. This additional income, net of any direct loan origination costs incurred, is deferred and accreted into interest income on an effective yield or "interest" method adjusted for actual prepayment activity over the life of the related loan or security as a yield adjustment. Income recognition is suspended for loans when, in our opinion, a full recovery of all contractual principal is not probable. Income recognition is resumed when the loan becomes contractually current and performance is resumed. We record interest income on certain impaired loans to the extent cash is received, as the borrower continues to make interest payments. We record loan loss reserves related to these loans when it is deemed that full recovery of principal and accrued interest is not probable.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Several of our loans provide for accrual of interest at specified rates, which differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to our determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the asset. If we cannot make this determination, interest income above the current pay rate is recognized only upon actual receipt.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Given the transitional nature of some of our real estate loans, we may require funds to be placed into an interest reserve, based on contractual requirements, to cover debt service costs. We will analyze these interest reserves on a periodic basis and determine if any additional interest reserves are needed. Recognition of income on loans with funded interest reserves are accounted for in the same manner as loans without funded interest reserves. We do not recognize interest income on loans in which the borrower has failed to make the contractual interest payment due or has not replenished the interest reserve account. Income from non-performing loans is generally recognized on a cash basis only to the extent it is received. Full income recognition will resume when the loan becomes contractually current and performance has recommenced.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Additionally, interest income is recorded when earned from equity participation interests, referred to as equity kickers. These equity kickers have the potential to generate additional revenues to us as a result of excess cash flow distributions and/or as appreciated properties are sold or refinanced.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Gain on sales, including fee-based services, net</font><font style="display:inline;font-family:Times;font-size:10pt;">—Gain on sales, including fee-based services, net includes commitment fees, broker fees, loan assumption fees, loan origination fees and gains on sale of loans of our Agency Business. In some instances, the borrower pays an additional amount of interest at the time the loan is closed, an origination fee, net of any direct loan origination costs incurred, which is recognized upon the sale of the loan. Revenue recognition occurs when the related services are performed, unless significant contingencies exist, and for the sale of loans, when all the incidence of ownership passes to the buyer. Interest income is recognized on the accrual basis as it is earned from loans held-for-sale.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Property operating income</font><font style="display:inline;font-family:Times;font-size:10pt;">—Property operating income represents income associated with the operations of commercial real estate properties classified as real estate owned. We recognize revenue for these activities when the fees are fixed or determinable, or are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Other income, net</font><font style="display:inline;font-family:Times;font-size:10pt;">—Other income, net represents loan structuring, modification, defeasance, and miscellaneous asset management fees associated with our loan and investment portfolio, as well as changes in the fair value of certain derivatives and net interest income and gains and losses recorded on linked transactions that were sold during 2014. We recognize these forms of income when the fees are fixed or determinable, are evidenced by an arrangement, collection is reasonably assured and the services under the arrangement have been provided.</font>
</p><div /></div> </div>
85600000
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>538,189,475
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>124,102,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>56,247
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>662,347,722
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fair value of future MSR</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,145,814
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Unearned discount</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,126,232
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
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<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face Value</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortized<br />Cost</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cummulative<br />Unrealized Gain</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying Value /<br />Estimated<br />Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>558,499
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>617,288
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal Home Loan Mortgage Corporation</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,551,716
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2,939,465 common shares of CV Holdings, Inc. </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,789
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>470,314
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,610,505
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>411,525
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,022,030
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Purchase Price:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Issuance of 21,230,769 OP Units at $7.29 per share<br />(based on the closing stock price at the Acquisition date)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>154,772,306
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash on hand</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87,755,517
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Borrowings from seller financing—related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total consideration</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>292,527,823
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Allocated to:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,982,584
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Restricted cash</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>424,796,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,908,283
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalized mortgage servicing rights</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221,647,421
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fixed assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,216,972
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,752,173
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Finite-lived intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,310,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Infinite-lived intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Credit facilities and repurchase agreements</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(420,889,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loss-sharing obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32,616,821
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(34,326,602
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Goodwill</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,747,381
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net assets acquired</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>292,527,823
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The principal balance, unamortized discount and net carrying amount of the liability and equity components of the notes at December 31, 2016 were as follows:</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> <font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="10" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Liability Component</font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Equity<br />Component</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unamortized<br />Deferred<br />Financing<br />Fees</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Principle<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unamortized<br />Debt<br />Discount</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Net<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$86,250,000</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,119,436
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,470,526
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>80,660,038
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,178,647
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Current tax provision (benefit)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>767,673
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>298,225
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20,062
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,589,411
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>117,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,975
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,357,084
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>415,865
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(26,037
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred tax (benefit) provision</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Federal</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,448,928
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,956,679
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,519,398
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,379,582
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,238,608
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(393,135
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,360,594
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,779,422
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,938,570
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,532,084
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(415,865
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,037
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Total income tax expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>825,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Principal<br />Balance(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Principal<br />Balance(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt<br />Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral<br />Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Note Rate</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Structured Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million repurchase facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,303,216
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106,051,080
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>183,827,574
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.12
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,270,774
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,610,463
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99,641,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.70
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$100 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,897,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,598,322
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,850,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.96
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,582,200
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,328,863
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.62
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,989,732
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,703,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,158,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.94
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,852,500
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,766,445
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,470,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.59
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$75 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,285,625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,276,773
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31,725,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.81
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$50 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,400,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,373,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>58,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.81
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,120,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,114,494
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.46
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$50 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,956,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,956,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,885,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.08
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$16.5 million term credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,500,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,431,870
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.22
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$3 million master security agreement</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,532,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,532,966
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>248,365,039
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>246,492,668
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>381,446,074
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.02
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137,325,474
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>136,252,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>216,061,504
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:7.5pt;">Agency Business (assumed in the Acquisition)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$400 million multifamily ASAP agreement</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,556,962
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,556,962
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142,556,962
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.65
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>268,571,797
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>268,530,211
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>268,571,797
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.05
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$150 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>210,138,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>210,009,449
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>210,138,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.05
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$100 million credit facility</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,047,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,047,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,047,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.95
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,315,159
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,144,122
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,315,159
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.96
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Consolidated total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>908,680,198
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>906,636,790
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,041,761,233
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.25
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">(1)</font><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The difference between debt principal balance and carrying value represents unamortized deferred finance costs.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;"><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Collateral(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Debt</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Cash</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Face<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Unpaid<br />Principal</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Restricted<br />Cash(3)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO VI</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>250,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>246,442,883
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>324,569,105
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>323,350,928
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>430,895
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,864,114
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>344,679,286
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>343,747,570
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,320,715
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>217,134,112
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>291,319,123
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>290,429,019
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,680,878
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>737,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>960,567,514
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>957,527,517
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,432,488
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO V</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>267,750,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>263,784,723
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>343,561,696
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>342,988,734
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,438,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO IV</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>215,985,420
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>288,581,773
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>287,946,641
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,418,227
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">CLO III</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>281,250,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,129,518
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>339,019,221
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>338,034,689
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,135,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total CLOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>768,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>971,162,690
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>968,970,064
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,992,023
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Debt carrying value is net of $8.6 million and $9.1 million of deferred financing fees at December 31, 2016 and 2015, respectively.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">As of December 31, 2016 and 2015, there was no collateral at risk of default or deemed to be a "credit risk" as defined by the CLO indenture.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents restricted cash held for principal repayments as well as for reinvestment in the CLOs. Does not include restricted cash related to interest payments, delayed fundings and expenses.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred tax assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Expenses not currently deductible</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,427,946
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,441,408
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan loss reserve</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27,486,037
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net operating and capital loss carryforwards</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>219,378
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,714,575
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,959,882
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,320,476
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred tax assets, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,173,479
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Deferred tax liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest in equity affiliates—net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,179,189
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Intangibles</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,859,698
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mortgage servicing rights</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,550,613
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>857,940
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Deferred tax liabilities, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,447,440
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,835,507
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following table presents the effect of our derivative financial instruments on the statements of income (dollars in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss Recognized in<br />Other<br />Comprehensive Income<br />(Loss)<br />(Effective Portion)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss Reclassified from<br />Accumulated<br />Other Comprehensive<br />Income (Loss)<br />into Interest Expense<br />(Effective Portion)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Loss Reclassified from<br />Accumulated Other<br />Comprehensive<br />Income (Loss) into<br />Loss on Termination<br />of Swaps<br />(Ineffective Portion)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="26" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation/Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 8pt;text-indent: -8pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps/Cap</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>193
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,208
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,149
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,654
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,626
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
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<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a summary of the derivative financial instruments held by our Structured Business (dollars in thousands):</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation/<br />Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Expiration<br />Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance<br />Sheet<br />Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">LIBOR Caps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,600
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,100
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2017
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 7pt;text-indent: -7pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Qualifying</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Interest Rate Swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,450
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>107,821
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2017
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Other Liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(152
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:7.5pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,669
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Notional Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Designation/Cash Flow </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Count</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31,<br />2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Balance Sheet<br />Location</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative<br />Assets</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Derivative<br />Liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-Qualifying</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Rate Lock Commitments</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>156,685,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other Assets/ Other Liabilities</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(764,429
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Non-Qualifying</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Forward Sale Commitments</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>105
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>819,033,129
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other Assets/ Other Liabilities</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,798,858
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,535,150
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>975,718,529
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,299,579
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The following table presents dividends declared (on a per share basis) for the year ended December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Common Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="10" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Preferred Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series A</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series B</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series C</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">February 24, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">February 1, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">May 4, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">May 2, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">August 3, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.16
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">August 1, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">November 2, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.16
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">November 2, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The dividend declared on February 1, 2016 was for December 1, 2015 through February 29, 2016. The dividend declared on May 2, 2016 was for March 1, 2016 through May 31, 2016. The dividend declared on August 1, 2016 was for June 1, 2016 through August 31, 2016. The dividend declared on November 2, 2016 was for September 1, 2016 through November 30, 2016.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="17" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to noncontrolling interest(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders and nocontrolling interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,305,095
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,305,095
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of OP Units(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of restricted stock units(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,458
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149,578
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of warrants(4)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,696
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,305,095
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,730,553
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,007,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,368,344
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.71
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.70
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net of preferred stock dividends.</font></p>
</td>
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<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">We consider OP Units to be common stock equivalents as the holder has voting rights, the right to distributions and the right to redeem the OP Units for the cash value of a corresponding number of shares of common stock or a corresponding number of shares of common stock, at our election. For 2016, the OP Units were considered anti-dilutive and excluded from diluted EPS.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mr. Kaufman was granted restricted stock units in 2016 and 2015 which vest at the end of a four-year performance period based upon our achievement of total stockholder return objectives.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(4) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">In July 2014, we acquired and canceled all of our outstanding warrants issued in connection with a debt restructuring with Wachovia Bank in 2009.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">U.S. federal statutory rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35.0
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">REIT non-taxable income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28.2
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(38.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36.8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">State and local income taxes, net of</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">federal tax benefit</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2.7
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Change in valuation allowance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.4
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Effective income tax rate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.9
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The fair value of these financial assets and liabilities was determined using the following input levels as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> <font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value Measurements<br />Using Fair Value Hierarchy</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Fair Value</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 1</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 2</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Level 3</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Available-for-sale securities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,403,463
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>617,288
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,614,990
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,798,858
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,816,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:11pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Financial liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Derivative financial instruments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,451,422
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Estimated Amortization Expense for the Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td rowspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" rowspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg.<br />Remaining Life<br />(in years)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Finite-lived intangible assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Broker relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,125,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Borrower relationships</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,440,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Below market leases</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>736,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>684,137
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>126,118
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Acquired technology</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>162,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8.0
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,601,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,601,811
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,464,311
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,249,137
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,691,118
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2017</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,714,333
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2018</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,273,739
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2019</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,019,266
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2020</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>28,371,734
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">2021</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,211,119
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Thereafter</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,152,795
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Beginning balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions from the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,747,381
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impairment</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ending balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26,747,381
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt;line-height:110%;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;"><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;color:#000000;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended<br />December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Beginning balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loss-sharing obligations assumed in the Acquisition</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,616,821
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provisions for loss sharing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,234,823
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Charge-offs, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,444,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Ending balance</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,407,554
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Description</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effective Date</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effect on Financial Statements</font></p>
</td>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment. This ASU eliminates step two from the goodwill impairment test, which measures a goodwill impairment loss by comparing the implied fair value with the carrying amount of goodwill.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2020 with early adoption permitted beginning in the first quarter of 2017.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business. This ASU provides a more robust framework to use in determining when a set of assets and activities constitutes a business. It also provides more consistency in applying the guidance, reduces the costs of application and makes the definition of a business more operable.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The potential impact of this new guidance will be assessed for future acquisitions or dispositions, but it is not expected to have a material impact on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows: Restricted Cash. This ASU requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows.</font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated statement of cash flows.</font></p>
</td>
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<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In October 2016, the FASB issued ASU 2016-17, Consolidation: Interests Held through Related Parties That Are under Common Control. This ASU alters how a decision maker needs to consider indirect interests in a VIE held through an entity under common control and simplifies that analysis to require consideration of only an entity's proportionate indirect interest in a VIE held through a common control party. The guidance amends ASU 2015-02, which we adopted in the first quarter of 2016.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In October 2016, the FASB issued ASU 2016-16, Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory. This ASU was issued to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 with early adoption permitted and should be applied on a modified retrospective basis.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<tr style="CellSpacing:0;">
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments. This ASU provides eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 and requires adoption on a retrospective basis.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated statement of cash flows.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments. This ASU requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Entities will be required to use forward-looking information to better form their credit loss estimates. This ASU also requires enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2020 with early adoption permitted beginning in the first quarter of 2019.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation: Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment award transactions, including income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2017.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance will not have a material impact on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In March 2016, the FASB issued ASU 2016-07, Investments—Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting. This ASU, among other things, eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations, and retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods the investment was held.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2017.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance will not have a material impact on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In February 2016, the FASB issued ASU 2016-02, Leases: Presentation of Comprehensive Income. This ASU requires recognition of balance sheet assets and liabilities for leases with terms of more than 12 months and disclosure of key information about an entity's leasing arrangements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2019 with early adoption permitted and a modified retrospective approach is required.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the timing of our adoption and the impact this guidance may have on our consolidated financial statements.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="top" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. This ASU requires equity investments (except those accounted for under the equity method or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. This ASU also eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018.</font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated financial statements.</font></p>
</td>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="middle" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">Beginning in May 2014, the FASB has issued several amendments to its guidance surrounding revenue recognition. Together, among other things, the amended guidance introduces a new framework for a single comprehensive model that can be used when accounting for revenue and supersedes most current revenue recognition guidance, including that which pertains to specific industries. The core principle states that an entity should recognize revenue to depict the transfer of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for such goods and services. It also requires expanded quantitative and qualitative disclosures that will enable financial statement users to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Most revenue associated with financial instruments, including interest and loan origination fees, along with gains and losses on investment securities, derivatives and sales of financial instruments are excluded from the scope of the guidance.</font></p>
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<td valign="top" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2018 and permits the use of either the full retrospective or modified retrospective method.</font></p>
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<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">We are evaluating the impact this guidance may have on our consolidated financial statements and our method of adoption.</font></p>
</td>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
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<td valign="middle" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
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<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
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</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Description</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effective Date</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Effect on Financial Statements</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2015-06, Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments. This ASU amended the guidance on measurement-period adjustments arising from business combinations.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2016.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance did not have an impact on our consolidated financial statements.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">In February 2015, the FASB issued ASU 2015-02, Consolidation: Amendments to the Consolidation Analysis. This ASU amended the guidance on the consolidation analysis related to VIEs.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-size:7.5pt;">First quarter of 2016.</font></p>
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<font style="display:inline;font-family:Times;font-size:7.5pt;">The adoption of this guidance did not have a material impact on our consolidated financial statements. See Note 17—Variable Interest Entities for further details.</font></p>
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<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2016</font></p>
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<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,083,989
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,669,999
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,265,284
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,069,852
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49,580,564
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34,868,259
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,641,223
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,421,295
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,035,587
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,741,599
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25,169,864
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,972,816
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income before gain on sale of real estate, income from equity affiliates and provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,628,966
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,796,659
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,263,357
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>518,331
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,023,134
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>607,553
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,800,689
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,929,375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,367,101
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,897,442
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(525,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(300,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,904,655
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,426,034
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,126,878
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,023,326
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to noncontrolling interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,481,609
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,649,432
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,534,616
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,888,172
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,238,448
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,134,896
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Basic earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.40
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.20
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.02
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Diluted earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.40
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.20
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.02
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Three Months Ended</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">September 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">June 30, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">March 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,878,213
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,140,346
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22,632,167
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,282,028
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,917,135
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,254,484
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,278,650
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,486,343
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,001,688
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,338,403
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,057,772
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,669,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate and income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,793,660
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,056,427
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,853,045
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,098,910
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on acceleration of deferred income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,162,720
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,009,162
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loss on termination of swaps</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(340,197
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,289,450
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,799,657
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,984,364
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,317,339
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,353,239
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,534,025
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,095,913
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,910,656
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,232,189
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,387,070
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,898,899
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Preferred stock dividends</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,888,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,022,226
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,343,759
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,498,640
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,010,469
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Basic earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Diluted earnings per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.10
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.21
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.30
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The sum of the quarterly per share amounts may not equal per share amounts reported for year-to-date periods, due to the effects of rounding for each period.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Structured<br />Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Agency<br />Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other /<br />Eliminations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Consolidated</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>109,622,338
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,550,283
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116,172,621
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other interest income, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,539,274
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,539,274
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,943,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,886,878
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,792,432
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,622,771
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,218,151
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,663,405
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,792,432
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,089,124
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Other revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sales, including fee-based services, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,594,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,594,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mortgage servicing rights</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,940,760
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,940,760
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Servicing revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,758,759
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,758,759
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Amortization of MSRs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,704,560
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,704,560
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,881,275
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,881,275
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other income, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>541,738
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,279
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,041,017
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,423,013
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,088,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,511,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Other expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Employee compensation and benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,883,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,763,640
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,647,446
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Selling and administrative</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,714,381
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,872,490
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,586,871
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Acquisition costs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,261,902
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,261,902
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,501,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,501,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,454,402
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,567,498
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,021,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impairment loss on real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loss sharing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,234,823
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,234,823
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loan losses (net of recoveries)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(134,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(134,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Management fee—related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,044,052
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,555,948
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,663,565
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,994,399
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,261,902
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>110,919,866
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income before gain on sale of real estate, income from equity affiliates and provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,977,599
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,757,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,054,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,680,599
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,630,687
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,630,687
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,994,607
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,994,607
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(825,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(825,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,602,893
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,932,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,054,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,480,893
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Structured Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Agency Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other / Eliminations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Consolidated</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,156,034
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,489,396
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>138,645,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Restricted cash</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,230,051
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,084,878
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,314,929
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalized mortgage servicing rights, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Investments in equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,948,853
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,948,853
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Goodwill and other intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,489,884
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,489,884
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,350,947
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,193,562
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,544,509
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,912,418,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,058,368,010
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,970,786,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Debt obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,307,973,936
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,144,122
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,018,118,058
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loss-sharing obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,407,554
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,407,554
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,788,359
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,216,483
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,217,864
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,222,706
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,441,762,295
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>730,768,159
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,217,864
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,223,748,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Acquired</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Originated</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at beginning of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Additions</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>221,647,421
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,595,737
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>255,243,158
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,051,613
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(652,947
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,704,560
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Write-downs and payoffs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,795,054
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(558
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5,795,612
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Balance at end of period</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>194,800,754
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,942,232
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Restricted cash</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,542,304
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,695,819
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>957,527,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>968,970,064
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Due from related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,451
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,982,452
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,969,201
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>980,052,248
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,022,671,535
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,645,426
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,224,193
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>730,086,535
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>760,123,854
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="7" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Product Concentrations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Geographic Concentrations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Product </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">State </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB Percent<br />of Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,181,152,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Texas</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,953,244,541
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">North Carolina</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>420,688,577
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">California</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,555,085,518
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">New York</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Georgia</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Florida</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other(1)</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">No other individual state represented more than 4% of the total.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
219000000
267800000
758899661
263784723
215985420
279129518
758899661
758899661
766065400
93800000
758899661
250300000
728441109
264864114
217134112
246442883
728441109
728441109
728642500
728642500
94500000
50200000
728441109
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 22—Segment Information</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As a result of the Acquisition, we currently evaluate our results from operations from two business segments—our Structured Business and our Agency Business. See Note 1—Description of Business for a description of each segment.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The summarized statements of income and balance sheet data, as well as certain other data, by segment, are included in the following tables. Specifically identifiable costs are recorded directly to each business segment. For items not specifically identifiable, costs have been allocated between the business segments using the most meaningful allocation methodologies, which was predominately direct labor costs (i.e., time spent working on each segment). Such costs include, but are not limited to, compensation and employee related costs, selling and administrative expenses, management fees and stock-based compensation. All amounts are before amounts allocated to noncontrolling interest.</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Structured<br />Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Agency<br />Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other /<br />Eliminations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Consolidated</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>109,622,338
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,550,283
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>116,172,621
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other interest income, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,539,274
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,539,274
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Interest expense</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57,943,461
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,886,878
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,792,432
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,622,771
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net interest income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54,218,151
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,663,405
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,792,432
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55,089,124
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Other revenue:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sales, including fee-based services, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,594,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,594,090
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mortgage servicing rights</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,940,760
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>44,940,760
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Servicing revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,758,759
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>30,758,759
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Amortization of MSRs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,704,560
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21,704,560
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,881,275
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,881,275
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other income, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>541,738
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>499,279
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,041,017
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other revenue</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,423,013
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>79,088,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>94,511,341
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Other expenses:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Employee compensation and benefits</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,883,806
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23,763,640
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,647,446
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Selling and administrative</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,714,381
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7,872,490
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17,586,871
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Acquisition costs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,261,902
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,261,902
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Property operating expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,501,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,501,025
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Depreciation and amortization</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,454,402
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,567,498
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,021,900
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Impairment loss on real estate owned</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,200,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loss sharing</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,234,823
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,234,823
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for loan losses (net of recoveries)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(134,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(134,101
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Management fee—related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,044,052
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,555,948
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,600,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 20pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total other expenses</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60,663,565
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39,994,399
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10,261,902
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>110,919,866
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income before gain on sale of real estate, income from equity affiliates and provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8,977,599
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>41,757,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,054,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,680,599
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Gain on sale of real estate</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,630,687
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,630,687
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Income from equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,994,607
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,994,607
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Provision for income taxes</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(825,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(825,000
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,602,893
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40,932,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12,054,334
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62,480,893
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="11" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Structured Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Agency Business</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Other / Eliminations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Consolidated</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Cash and cash equivalents</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>103,156,034
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,489,396
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>138,645,430
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Restricted cash</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,230,051
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,084,878
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,314,929
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,695,732,351
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans held-for-sale, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>673,367,304
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Capitalized mortgage servicing rights, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>227,742,986
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Investments in equity affiliates</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,948,853
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,948,853
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Goodwill and other intangible assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,489,884
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>97,489,884
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,350,947
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,193,562
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>74,544,509
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,912,418,236
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,058,368,010
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,970,786,246
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Debt obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,307,973,936
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>660,144,122
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,000,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,018,118,058
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Allowance for loss-sharing obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,407,554
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>32,407,554
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>133,788,359
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,216,483
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,217,864
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>173,222,706
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,441,762,295
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>730,768,159
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,217,864
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,223,748,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The comparable summarized statements of income for 2015 and 2014 and the summarized balance sheet for 2015 are not provided since we operated as a single business segment in those periods.</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Origination Data:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Structured Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">New loan originations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>847,682,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>828,217,500
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>900,666,405
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan payoffs / paydowns</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>553,408,734
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>828,669,556
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>972,311,886
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:12pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Agency Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<br /><font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;">Origination Volumes by Investor:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,668,581,271
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>456,421,660
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24,629,823
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,149,632,754
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total loan commitment volume</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,129,720,318
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Loan Sales Data:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;text-decoration:underline;">Agency Business</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,130,391,796
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>332,319,660
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,672,932
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,492,384,388
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Sales margin (fee-based services as a % of loan sales)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.65
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">MSR rate (MSR income as a % of loan commitments)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2.11
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loan sales were $1.91 billion for 2016, including loans that were acquired as part of the Acquisition.</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Key Servicing Metrics for Agency Business: </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB of Servicing<br />Portfolio</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg. Servicing<br />Fee Rate<br />(basis points)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Wtd. Avg. Life of<br />Servicing Portfolio<br />(in years)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,181,152,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>53
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,953,244,541
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>22
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10.5
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>420,688,577
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19.2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,555,085,518
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.6
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
9600139
9392136
-3100000
17586871
7872490
9714381
93764994
93764994
96294265
94521566
94521566
99034345
99034345
5800000
227742986
194800754
32942232
227742986
227742986
221647421
33595737
255243158
21051613
652947
21704560
30758759
30758759
9054199
1989439
3442683
3513540
P4Y
P4Y
P4Y
0.33
0.33
0.33
0.25
0.25
0.25
0.25
0.33
0.33
0.33
0.25
0.25
0.25
0.25
0.33
0.33
0.33
110666
138584
445765
212241
154169
867113
421348
202037
195139
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Stock-Based Compensation.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We have granted certain of our employees, directors, and employees of our Manager, stock awards consisting of shares of our common stock that vest immediately or annually over a multi-year period, subject to the recipient's continued service to us. We record stock-based compensation expense at the grant date fair value of the related stock-based award with subsequent remeasurement for any unvested shares granted to non-employees with such amounts expensed against earnings, at the grant date (for the portion that vests immediately) or ratably over the respective vesting periods. Dividends are paid on restricted stock as dividends are paid on shares of our common stock whether or not they are vested. Stock-based compensation is disclosed in our consolidated statements of income under "employee compensation and benefits" for employees and under "selling and administrative" expense for non-employees.</font>
</p><div /></div> </div>
49136308
2811500
50477308
3711500
50962516
3711500
51401295
24942269
565090775
587140735
437596282
-25237253
606918836
491363
437596282
67654655
-212231319
535455471
-14668250
612806365
504773
535455471
89295905
-152483322
565090775
-4840950
616244196
509625
565090775
89295905
-136118001
747037928
320917
621931995
514013
159897193
587140735
89508213
-125134403
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 18—Equity</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Preferred Stock.</font><font style="display:inline;font-family:Times;font-size:10pt;"> The Series A, B and C preferred stock may not be redeemed by us before February 2018, May 2018 and February 2019, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Noncontrolling Interest.</font><font style="display:inline;font-family:Times;font-size:10pt;"> The noncontrolling interest relates to the 21,230,769 OP Units issued to ACM to satisfy a portion of the aggregate purchase price of the Acquisition. The value of these OP units at the Acquisition date was $154.8 million. Each of these OP Units are paired with one share of our Special Voting Preferred Shares having a par value of $0.01 per share and is entitled to one vote each on any matter submitted for stockholder approval, which represents approximately 29.2% of the voting power of our outstanding stock at December 31, 2016. The OP Units are entitled to receive distributions if and when our Board of Directors authorizes and declares future common stock distributions. The OP Units are also redeemable for cash, or at our option, for shares of our common stock on a one-for-one basis.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Common Stock.</font><font style="display:inline;font-family:Times;font-size:10pt;"> In August 2016, we amended the equity distribution agreement, dated February 13, 2014, with JMP Securities LLC. In accordance with the terms of the amendment, we may offer and sell up to 7,500,000 common shares in "At-The-Market" equity offerings with JMP Securities. We have not sold any shares under this agreement since it was amended.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In July 2016, we filed, and the SEC declared effective, a new shelf registration statement for $500.0 million of debt securities, common stock, preferred stock, depositary shares and warrants, of which $400.0 million was available as of February 27, 2017.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Distributions.</font><font style="display:inline;font-family:Times;font-size:10pt;"> The following table presents dividends declared (on a per share basis) for the year ended December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Common Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="10" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Preferred Stock</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="8" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Dividend</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Declaration Date</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series A</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series B</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Series C</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">February 24, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">February 1, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">May 4, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.15
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">May 2, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">August 3, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.16
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">August 1, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">November 2, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.16
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">November 2, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.515625
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.484375
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.53125
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
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<font style="display:inline;font-size:10pt;"> </font></p>
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<font style="display:inline;font-size:10pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">The dividend declared on February 1, 2016 was for December 1, 2015 through February 29, 2016. The dividend declared on May 2, 2016 was for March 1, 2016 through May 31, 2016. The dividend declared on August 1, 2016 was for June 1, 2016 through August 31, 2016. The dividend declared on November 2, 2016 was for September 1, 2016 through November 30, 2016.</font></p>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Common Stock</font><font style="display:inline;font-family:Times;font-size:10pt;">—On March 1, 2017, the Board of Directors declared a cash dividend of $0.17 per share of common stock. The dividend is payable on March 21, 2017 to common stockholders of record as of the close of business on March 15, 2017.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-style:italic;font-size:10pt;"> Preferred Stock</font><font style="display:inline;font-family:Times;font-size:10pt;">—On February 3, 2017, the Board of Directors declared a cash dividend of $0.515625 per share of 8.25% Series A preferred stock; a cash dividend of $0.484375 per share of 7.75% Series B preferred stock; and a cash dividend of $0.53125 per share of 8.50% Series C preferred stock. These amounts reflect dividends from December 1, 2016 through February 28, 2017 and are payable on February 28, 2017 to preferred stockholders of record on February 15, 2017.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We have determined that 100% of the common stock and preferred stock dividends paid during 2016, 2015 and 2014 represented ordinary income to our stockholders for income tax purposes. In addition, pursuant to Internal Revenue Code Section 59(d), alternative minimum tax ("AMT") could be apportioned between a REIT and its stockholders to the extent the REIT distributes its regular taxable income. Since we have distributed our taxable income, the AMT adjustments are being apportioned to our stockholders. As such, we have determined that 12.680% of each distribution to our stockholders for the tax year ended December 31, 2016 consists of an AMT adjustment (i.e., for each $1 of dividend reportable by a stockholder, $0.1268 represents an AMT adjustment).</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Deferred Compensation.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We have a stock incentive plan under which the Board of Directors has the authority to issue shares of stock to certain directors, officers and employees of ours and our Manager.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Vesting of restricted shares is dependent on a service requirement. Dividends paid on restricted shares are recorded as dividends on shares of our common stock whether or not they are vested. For accounting purposes, we measure the compensation costs for these shares as of the grant date, with subsequent remeasurement for any unvested shares granted to non-employees of ours with such amounts expensed against earnings, at the grant date (for the portion that vest immediately) or ratably over the respective vesting periods.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In March 2016, we issued 282,405 shares of restricted common stock under the 2014 Omnibus Stock Incentive Plan (the "2014 Plan") to certain employees of ours and our Manager with a total grant date fair value of $1.9 million and recorded $0.2 million to employee compensation and benefits and $0.5 million to selling and administrative expense in our consolidated statements of income. One third of the shares vested as of the date of grant, one third will vest in March 2017, and the remaining third will vest in March 2018. In March 2016, we also issued 67,260 shares of fully vested common stock to the independent members of the Board of Directors under the 2014 Plan and recorded $0.4 million to selling and administrative expense.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During the first quarter of 2016, we issued 70,225 shares of restricted common stock to Mr. Ivan Kaufman, our chairman and chief executive officer, under his 2015 annual incentive agreement with a grant date fair value of $0.5 million and recorded $0.1 million to employee compensation and benefits in our consolidated statements of income. One quarter of the shares vested as of the date of grant and one quarter will vest on each of the first, second and third anniversaries of the date of grant. Mr. Kaufman was also granted up to 421,348 performance-based restricted stock units that vest at the end of a four-year performance period based on our achievement of certain total stockholder return objectives. The restricted stock units had a grant date fair value of $0.9 million and we recorded less than $0.1 million to employee compensation and benefits. To date under his 2015 annual incentive agreement, Mr. Kaufman was granted in the aggregate up to 867,113 performance-based restricted stock units.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> As of December 31, 2016, unvested restricted stock consisted of 202,037 shares granted to our employees with a grant date fair value of $1.4 million and 195,139 shares granted to employees of our Manager with a grant date fair value of $1.3 million, which is subject to re-measurement each reporting period. Expense is recognized ratably over the vesting period in our consolidated statements of income in employee compensation and benefits expense and selling and administrative expense, respectively. During 2016, 2015 and 2014, we recorded the ratable portion of the unvested restricted stock to employees as employee compensation and benefits for $0.7 million, $0.9 million and $0.4 million, respectively, and for non-employees to selling and administrative expense for $1.0 million, $0.8 million and $0.5 million, respectively.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In May 2015, we issued 20,430 shares of fully vested common stock to certain independent members of the Board of Directors under the 2014 Plan and recorded $0.1 million to selling and administrative expense in our consolidated statements of income.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In March 2015, we issued 328,400 shares of restricted common stock under the 2014 Plan to certain employees of ours and our Manager, inclusive of 105,000 shares granted to our chief executive officer, Mr. Kaufman, with a total grant date fair value of $2.3 million and recorded $0.4 million to employee compensation and benefits and $0.4 million to selling and administrative expense in our consolidated statements of income. One third of the shares vested as of the date of grant, one third vested in March 2016, and the remaining third will vest in March 2017. In March 2015, we also issued 63,000 shares of fully vested common stock to the independent members of the Board of Directors under the 2014 Plan and recorded $0.4 million to selling and administrative expense.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> During the first quarter of 2015, we issued 74,294 shares of restricted common stock to Mr. Kaufman under his 2015 annual incentive agreement with a grant date fair value of $0.5 million and recorded $0.1 million to employee compensation and benefits in our consolidated statements of income. One quarter of the shares vest as of the date of grant and one quarter will vest on each of the first, second and third anniversaries of the date of grant. Mr. Kaufman was also granted up to 445,765 performance-based restricted stock units that vest at the end of a four-year performance period based on our achievement of certain total stockholder return objectives. The restricted stock units had a grant date fair value of $1.2 million and we recorded $0.3 million to employee compensation and benefits. As of December 31, 2015, unvested restricted stock consisted of 212,241 shares granted to our employees with a grant date fair value of $1.5 million and 154,169 shares granted to employees of our Manager with a grant date fair value of $1.1 million, which is subject to remeasurement each reporting period.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> In May 2014, we issued 278,000 shares of restricted common stock under the 2014 Plan to certain employees of ours and our Manager with a total grant date fair value of $2.0 million and recorded $0.3 million to employee compensation and benefits and $0.3 million to selling and administrative expense in our consolidated statements of income. One third of the shares vested as of the date of grant, one third vested in May 2015, and the remaining third vested in May 2016. In May 2014, we also issued 63,000 shares of fully vested common stock to the independent members of the Board of Directors under the 2014 Plan and recorded $0.4 million to selling and administrative expense. As of December 31, 2014, unvested restricted stock consisted of 138,584 shares granted to employees of our Manager with a grant date fair value of $1.0 million, which is subject to remeasurement each reporting period, and 110,666 shares granted to our employees with a grant date fair value of $0.8 million.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Accumulated Other Comprehensive Income (Loss).</font><font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016, accumulated other comprehensive income was $0.3 million and consisted of a $0.6 million unrealized gain related to available-for-sale securities, partially offset by $0.2 million of net unrealized losses on derivatives designated as cash flow hedges and less than $0.1 million of net deferred losses on terminated interest swaps. At December 31, 2015, accumulated other comprehensive loss was $4.8 million and consisted of $4.7 million of net unrealized losses on derivatives designated as cash flow hedges and $0.6 million of net deferred losses on terminated interest swaps, less a $0.4 million unrealized gain related to available-for-sale securities.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> See Note 14—Derivative Financial Instruments for the reclassifications out of accumulated other comprehensive income (loss) and into earnings during 2016, 2015 and 2014.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Earnings Per Share.</font><font style="display:inline;font-family:Times;font-size:10pt;"> Basic EPS is calculated by dividing net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during each period inclusive of unvested restricted stock with full dividend participation rights. Diluted EPS is calculated by dividing net income by the weighted average number of shares of common stock outstanding plus the additional dilutive effect of common stock equivalents during each period using the treasury stock method. Our common stock equivalents include the weighted average dilutive effect of performance-based restricted stock units granted to our chief executive officer in 2016 and 2015, OP Units issued in 2016 in connection with the Acquisition and warrants for the period of time that they were outstanding during 2014.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a reconciliation of the numerator and denominator of the basic and diluted EPS computations:</font>
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<font style="display:inline;font-size:10pt;"> </font>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31,</font></p>
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<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2016</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="5" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2015</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">2014</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
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<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
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<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Basic</font></p>
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<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Diluted</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to noncontrolling interest(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income attributable to common stockholders and nocontrolling interest</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42,796,132
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>45,875,094
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85,792,235
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,305,095
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,305,095
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of OP Units(2)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of restricted stock units(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425,458
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>149,578
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Dilutive effect of warrants(4)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>224,696
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Weighted average shares outstanding</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,305,095
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,730,553
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,857,750
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51,007,328
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,143,648
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50,368,344
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 9pt;text-indent: -9pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net income per common share(1)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>0.90
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.71
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1.70
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Net of preferred stock dividends.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">We consider OP Units to be common stock equivalents as the holder has voting rights, the right to distributions and the right to redeem the OP Units for the cash value of a corresponding number of shares of common stock or a corresponding number of shares of common stock, at our election. For 2016, the OP Units were considered anti-dilutive and excluded from diluted EPS.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Mr. Kaufman was granted restricted stock units in 2016 and 2015 which vest at the end of a four-year performance period based upon our achievement of total stockholder return objectives.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(4) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">In July 2014, we acquired and canceled all of our outstanding warrants issued in connection with a debt restructuring with Wachovia Bank in 2009.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
154772306
1000000
900000
21230769
916
1001
341000
486124
439780
63000
278000
74294
63000
328400
105000
20430
70225
67260
282405
6514000
21641250
6504000
10000
6514000
21641250
21641250
154772306
154559998
212308
212308
-9
9
-10
10
1989439
1986029
3410
1989439
3442683
3437822
4861
3442683
3513540
3509142
4398
3513540
0
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 7—Mortgage Servicing</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> An analysis of the product and geographic concentrations as of December 31, 2016 that impact our servicing revenue is shown in the following tables:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td colspan="7" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Product Concentrations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="4" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Geographic Concentrations</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Product </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Percent of<br />Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">State </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">UPB Percent<br />of Total</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Fannie Mae</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11,181,152,400
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>83
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Texas</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Freddie Mac</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,953,244,541
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">North Carolina</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">FHA</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>420,688,577
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">California</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,555,085,518
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">New York</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Georgia</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Florida</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other(1)</font></p>
</td>
<td valign="top" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="top" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">No other individual state represented more than 4% of the total.</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> At December 31, 2016, our weighted average servicing fee was 48 basis points. We held cash in escrow for these loans totaling $401.7 million at December 31, 2016, which is not reflected in our consolidated balance sheets. These escrows are maintained in separate accounts at two federally insured depository institutions, which may exceed FDIC insured limits.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p><div /></div> </div>
5900000
<div> <div>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Asset Class </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Number<br />of Loans</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original<br />Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Original<br />Wtd. Avg.<br />Rate of<br />Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended<br />Unpaid<br />Principal<br />Balance</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Extended<br />Wtd. Avg.<br />Rate of<br />Interest</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,646,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.57
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14,646,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.57
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,315,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.03
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,315,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.03
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,961,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.36
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,961,456
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.36
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="14" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Year Ended December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Multifamily</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35,609,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.12
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Office</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,430,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.69
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>38,039,122
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.03
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">%</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 12pt;">
<font style="display:inline;"> </font>
</p><div /></div> </div>
<div> <div>
<p style="margin:5pt 0pt 5pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;">Use of Estimates</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that could materially affect the amounts reported in the consolidated financial statements and accompanying notes. As future events cannot be determined with precision, actual results could differ from those estimates.</font>
</p><div /></div> </div>
0
<div> <div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Note 17—Variable Interest Entities</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our involvement with VIEs primarily affects our financial performance and cash flows through amounts recorded in interest income, interest expense, provision for loan losses and through activity associated with our derivative instruments.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Consolidated VIEs.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We have determined that our operating partnership, ARLP, and our CLO subsidiaries, which are owned by ARLP, are VIEs. ARLP is already consolidated in our financial statements, therefore, the identification of this entity as a VIE had no impact on our consolidated financial statements.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Our CLO subsidiaries invest in real estate and real estate-related securities and are financed by the issuance of CLO debt securities. We, or one of our affiliates, are named collateral manager, servicer, and special servicer for all CLO collateral assets which we believe gives us the power to direct the most significant economic activities of the entity. We also have exposure to CLO losses to the extent of our equity interests and also have rights to waterfall payments in excess of required payments to CLO bond investors. As a result of consolidation, equity interests in these CLOs have been eliminated, and the consolidated balance sheets reflect both the assets held and debt issued by the CLOs to third parties. Our operating results and cash flows include the gross amounts related to CLO assets and liabilities as opposed to our net economic interests in the CLO entities.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The assets and liabilities related to these consolidated CLOs are as follows:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2016</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">December 31, 2015</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Assets:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Restricted cash</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,542,304
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46,695,819
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans and investments, net</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>957,527,492
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>968,970,064
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Due from related party</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">—</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36,451
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,982,452
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,969,201
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total assets</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>980,052,248
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,022,671,535
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:10pt;">Liabilities:</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;text-align:right;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Collateralized loan obligations</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,441,109
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>758,899,661
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Other liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,645,426
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,224,193
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total liabilities</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>730,086,535
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>760,123,854
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> Assets held by the CLOs are restricted and can be used only to settle obligations of the CLOs. The liabilities of the CLOs are non-recourse to us and can only be satisfied from each CLOs respective asset pool. See Note 12—Debt Obligations for further details.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> We are not obligated to provide, have not provided, and do not intend to provide financial support to any of the consolidated CLOs.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-style:italic;font-size:10pt;"> Unconsolidated VIEs.</font><font style="display:inline;font-family:Times;font-size:10pt;"> We determined that we are not the primary beneficiary of 21 VIEs in which we have a variable interest as of December 31, 2016 because we do not have the ability to direct the activities of the VIEs that most significantly impact each entity's economic performance.</font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> The following is a summary of our variable interests in identified VIEs, of which we are not the primary beneficiary, as of December 31, 2016:</font>
</p>
<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
</p>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 80.00%;CellSpacing:0;margin-left:0pt;">
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Type </font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Carrying<br />Amount(1)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
<td colspan="2" valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;">Maximum<br />Exposure to<br />Loss(2)</font></p>
</td>
<td valign="bottom" style="width:auto;padding:0pt;">
<p style="margin:0pt;text-align:center;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 7pt;">
<font style="display:inline;font-family:Times;font-weight:bold;font-size:7.5pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Loans</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,955,289
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>256,955,289
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Agency IOs</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,786,175
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Equity investments</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,050,447
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,050,447
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Junior subordinated notes(3)</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>578,000
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt 0pt 0pt 10pt;text-indent: -10pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Total</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,369,911
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">$</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;;font-family:Times;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>264,369,911
</td>
<td valign="bottom" style="width:auto;background-color: #CCEEFF;padding:0pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
<tr style="CellSpacing:0;">
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​ </font></p>
</td>
<td valign="bottom" style="width:auto;background-color: #FFFFFF;padding:0pt;">
<p style="margin:0pt;line-height:normal;font-family:Times New Roman,Times,serif;font-size: 1pt;">
<font style="display:inline;font-family:Times;font-size:1.5pt;">​</font></p>
</td>
</tr>
</table></div>
<div><hr style="border-width:0;width:26%;height:1.5pt;color:black;background-color:black;" align="left"></hr></div>
<div style="width:100%;"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;CellSpacing:15;margin-left:0pt;">
<tr style="CellSpacing:15;">
<td valign="middle" style="width:04.00%;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
<td valign="middle" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(1) </font></p>
</td>
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Represents the carrying amount of loans and investments before reserves. At December 31, 2016, $150.5 million of loans to VIEs had corresponding loan loss reserves of $77.6 million. See Note 4—Loans and Investments for further details.</font></p>
</td>
</tr>
<tr style="CellSpacing:15;">
<td valign="top" style="width:auto;padding:0.8pt 0.8pt 0.8pt 0.8pt;">
<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(2) </font></p>
</td>
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<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">Our maximum exposure to loss as of December 31, 2016 would not exceed the carrying amount of its investment.</font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">(3) </font></p>
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<p style="margin:0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;">It is not appropriate to consolidate these entities as equity interests are variable interests only to the extent that the investment is considered to be at risk. Since our investments were funded by the entities that issued the junior subordinated notes, it is not considered to be at risk.</font></p>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-family:Times;font-size:10pt;"> These unconsolidated VIEs have exposure to real estate debt of approximately $2.48 billion at December 31, 2016.</font>
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<p style="margin:5pt 0pt;line-height:100%;font-family:Times New Roman,Times,serif;font-size: 10pt;">
<font style="display:inline;font-size:10pt;"> </font>
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264369911
256955289
2050447
4786175
578000
50368344
51007328
51730553
50143648
50857750
51305095