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Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 29.799999999999955 m 562.5 29.799999999999955 l s BT /F1 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.65 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 749.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.82 749.25 Td ( CONTENTS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 696.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 696.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 696.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 666.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 666.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 666.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 636.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 636.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 636.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 606.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 606.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 606.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 576.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 576.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 576.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 546.75 540.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 516.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 516.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 516.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 486.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 486.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 486.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 456.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 456.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 456.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 426.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 89.50 426.75 409.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 426.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 396.75 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 396.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 366.75 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 366.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 336.75 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 336.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 306.75 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 306.75 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 276.75 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 276.75 78.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.65 716.43 Td (P) Tj ET Q q 0 0 0 rg BT 224.39 716.43 Td (AR) Tj ET Q q 0 0 0 rg BT 238.28 716.43 Td (T) Tj ET Q q 0 0 0 rg BT 244.69 716.43 Td (I FINANCIAL) Tj ET Q q 0 0 0 rg BT 317.38 716.43 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 368.12 716.43 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 701.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 701.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 686.42 Td (Item1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 686.42 Td (Condensed Consolidated Financial Statements \(Unaudited\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 686.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 671.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 671.42 Td (Condensed Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 656.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 656.42 Td (Condensed Consolidated Statements of Operations and Comprehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 641.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 641.42 Td (Condensed Consolidated Statements of Equity) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 626.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 626.42 Td (Condensed Consolidated Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 611.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 611.42 Td (Notes to the Condensed Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 596.42 Td (Item2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 596.42 Td (Management) Tj ET Q q 0 0 0 rg BT 146.98 596.42 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 216.15 596.42 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 581.42 Td (Item3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 581.42 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 0 rg BT 256.40 581.42 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 566.42 Td (Item4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 566.42 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 551.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 551.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.70 536.43 Td (P) Tj ET Q q 0 0 0 rg BT 232.07 536.43 Td (AR) Tj ET Q q 0 0 0 rg BT 246.16 536.43 Td (T) Tj ET Q q 0 0 0 rg BT 252.65 536.43 Td (II OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 359.69 536.43 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 521.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 521.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 506.42 Td (Item 1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 506.42 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 491.42 Td (Item 1A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 491.42 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 476.42 Td (Item 2.) 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ET q 0 0 0 rg BT 478.00 599.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 599.21 Td (16,740) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 585.21 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 585.21 Td (enant and other receivables, net of allowance for doubtful accounts of $5,800 at December 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 585.21 Td (1) Tj ET Q q 0 0 0 rg BT 482.50 585.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 585.21 Td (68,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 571.21 Td (Intangible lease assets, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 571.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 571.21 Td (226,593) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 557.21 Td (Deferred leasing costs, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 557.21 Td (158,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 543.21 Td (Deferred financing costs, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 543.21 Td (364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 529.21 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 529.21 Td (665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 529.21 Td (14,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 515.21 Td (Assets held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 515.21 Td (1,931,883) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 515.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 501.20 Td (T) Tj ET Q q 0 0 0 rg BT 44.59 501.20 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 501.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 501.21 Td (2,010,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 501.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 501.21 Td (2,499,71) Tj ET Q q 0 0 0 rg BT 568.50 501.21 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 164.85 487.20 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 222.13 487.20 Td (AND EQUITY) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 487.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 487.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 473.20 Td (Liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 473.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 473.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 459.21 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 459.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 459.21 Td (2,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 459.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 459.21 Td (128,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 445.21 Td (Due to af) Tj ET Q q 0 0 0 rg BT 72.40 445.21 Td (filiates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 445.21 Td (2,715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.75 445.21 Td (7,968) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 431.21 Td (Intangible lease liabilities, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 431.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 431.21 Td (55,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 417.21 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 417.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 417.21 Td (23,728) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 403.21 Td (Distributions payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 403.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.25 403.21 Td (14,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 389.21 Td (Notes payable, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 389.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 389.21 Td (676,767) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 375.21 Td (Liabilities associated with assets held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.75 375.21 Td (994,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 375.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 361.20 Td (T) Tj ET Q q 0 0 0 rg BT 44.59 361.20 Td (otal liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.75 361.21 Td (999,520) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.75 361.21 Td (906,849) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 333.21 Td (Commitments and contingencies \(Note 10\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 333.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 333.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 305.20 Td (Equity:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 305.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 305.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 291.21 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 88.66 291.21 Td ( equity:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 291.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 291.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 277.21 Td (Preferred shares, $.001 par value; 500,000 preferred shares authorized, none issued or outstanding as) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 268.21 Td (of September 30, 2019 and December 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 268.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 268.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 254.21 Td (Common stock, $.001 par value; 1,500,000 shares authorized, 263,719 and 267,073 issued and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 245.21 Td (outstanding as of September 30, 2019 and December 31, 2018, respectively) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 245.21 Td (264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 245.21 Td (267) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 231.21 Td (Additional paid-in capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 231.21 Td (2,388,673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 231.21 Td (2,409,529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 217.21 Td (Accumulated distributions in excess of earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 217.21 Td (\(1,242,046) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 217.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.75 217.21 Td (\(688,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 217.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 203.21 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.75 203.21 Td (\(136,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 203.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 540.75 203.21 Td (\(128,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 203.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 189.21 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 189.21 Td (otal stockholders) Tj ET Q q 0 0 0 rg BT 107.77 189.21 Td ( equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 189.21 Td (1,010,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 189.21 Td (1,592,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 175.21 Td (Noncontrolling interests) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 175.21 Td (549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 175.21 Td (468) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 161.20 Td (T) Tj ET Q q 0 0 0 rg BT 44.59 161.20 Td (otal equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 161.21 Td (1,01) Tj ET Q q 0 0 0 rg BT 466.75 161.21 Td (1,426) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 161.21 Td (1,592,862) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 147.20 Td (T) Tj ET Q q 0 0 0 rg BT 44.18 147.20 Td (otal liabilities and equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 147.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 147.21 Td (2,010,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 147.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 147.21 Td (2,499,71) Tj ET Q q 0 0 0 rg BT 568.50 147.21 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 119.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.00 749.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 317.86 749.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 344.07 749.25 Td (, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.00 737.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 184.11 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 218.66 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 225.14 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 290.06 737.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 326.82 737.25 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 359.89 737.25 Td (AND COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.65 725.25 Td (For) Tj ET Q q 0 0 0 rg BT 175.02 725.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.17 725.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 209.65 725.25 Td (ee and Nine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.65 725.25 Td ( Months Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.73 725.25 Td (September) Tj ET Q q 0 0 0 rg BT 373.65 725.25 Td (30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 725.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.27 725.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.27 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.35 713.25 Td (\(UNAUDITED\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 634.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 634.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 634.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 634.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 634.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 634.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 604.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 604.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 604.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 604.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 604.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 604.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 574.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 574.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 574.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 574.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 574.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 544.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 544.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 544.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 544.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 544.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 514.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 514.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 514.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 514.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 514.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 484.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 484.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 484.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 484.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 484.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 454.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 454.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 454.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 454.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 454.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 424.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 424.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 424.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 424.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 424.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 424.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 424.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 424.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 394.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 394.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 394.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 394.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 394.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 394.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 394.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 394.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 364.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 364.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 364.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 364.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 364.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 364.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 364.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 364.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 334.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 334.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 334.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 334.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 334.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 334.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 334.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 334.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 304.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 304.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 304.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 304.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 304.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 304.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 274.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 274.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 274.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 274.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 274.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 274.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 244.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 244.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 244.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 244.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 244.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 244.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 244.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 244.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 214.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 214.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 214.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 214.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 214.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 214.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 184.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 184.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 184.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 184.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 184.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 184.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 154.75 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 154.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 154.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 154.75 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 154.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 154.75 51.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 663.75 m 407.5 663.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 663.75 m 466.5 663.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 663.75 m 521.5 663.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 663.75 m 576.5 663.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 604.75 m 407.5 604.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 604.75 m 466.5 604.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 604.75 m 521.5 604.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 604.75 m 576.5 604.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 352.5 469.75 m 407.5 469.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 454.75 m 407.5 454.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 411.5 469.75 m 466.5 469.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 454.75 m 466.5 454.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 469.75 m 521.5 469.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 454.75 m 521.5 454.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 469.75 m 576.5 469.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 454.75 m 576.5 454.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 364.75 m 407.5 364.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 364.75 m 466.5 364.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 364.75 m 521.5 364.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 364.75 m 576.5 364.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 319.75 m 407.5 319.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 319.75 m 466.5 319.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 319.75 m 521.5 319.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 319.75 m 576.5 319.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 289.75 m 407.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 289.75 m 466.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 289.75 m 521.5 289.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 289.75 m 576.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 275.75 m 407.5 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 273.75 m 407.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 275.75 m 466.5 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 273.75 m 466.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 275.75 m 521.5 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 273.75 m 521.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 275.75 m 576.5 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 273.75 m 576.5 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 260.75 m 407.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 258.75 m 407.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 260.75 m 466.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 258.75 m 466.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 260.75 m 521.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 258.75 m 521.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 260.75 m 576.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 258.75 m 576.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 245.75 m 407.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 243.75 m 407.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 245.75 m 466.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 243.75 m 466.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 245.75 m 521.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 243.75 m 521.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 245.75 m 576.5 245.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 243.75 m 576.5 243.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 184.75 m 407.5 184.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 184.75 m 466.5 184.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 184.75 m 521.5 184.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 184.75 m 576.5 184.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 154.75 m 407.5 154.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 154.75 m 466.5 154.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 154.75 m 521.5 154.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 154.75 m 576.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 140.75 m 407.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 138.75 m 407.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 140.75 m 466.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 138.75 m 466.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 140.75 m 521.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 138.75 m 521.5 138.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 140.75 m 576.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 138.75 m 576.5 138.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.50 693.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 380.08 693.43 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.50 683.43 Td (September) Tj ET Q q 0 0 0 rg BT 424.51 683.43 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.20 693.43 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.50 683.43 Td (September) Tj ET Q q 0 0 0 rg BT 538.51 683.43 Td ( 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 668.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 668.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.50 668.43 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.50 668.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.50 668.43 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 653.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.10 654.48 Td (\(In thousands, except per) Tj ET Q q 0 0 0 rg BT 483.71 654.48 Td ( shar) Tj ET Q q 0 0 0 rg BT 504.92 654.48 Td (e amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 639.43 Td (Revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 639.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 639.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.50 639.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.50 639.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 624.42 Td (Rental revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 624.42 Td (46,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 624.42 Td (73,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 624.42 Td (136,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 624.42 Td (233,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 609.42 Td (Other revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 609.42 Td (2,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 609.42 Td (4,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 609.42 Td (6,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 609.42 Td (13,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 594.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 594.42 Td (otal revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 594.42 Td (49,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 594.42 Td (77,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 594.42 Td (143,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 594.42 Td (247,232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 579.43 Td (Expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 579.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 579.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 579.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 579.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 564.42 Td (Property operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 564.42 Td (1) Tj ET Q q 0 0 0 rg BT 381.15 564.42 Td (1,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 564.42 Td (17,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 564.42 Td (36,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 564.42 Td (57,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 549.42 Td (Real property taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 549.42 Td (6,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 549.42 Td (10,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 549.42 Td (19,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 549.42 Td (31,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 534.42 Td (Property management fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 534.42 Td (1,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 534.42 Td (1,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 534.42 Td (3,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 534.42 Td (5,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 519.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 519.42 Td (4,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 519.42 Td (24,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 519.42 Td (30,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 519.42 Td (88,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 504.42 Td (Asset management fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 504.42 Td (6,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 504.42 Td (8,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 504.42 Td (20,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 504.42 Td (26,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 489.42 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 489.42 Td (1,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 489.42 Td (2,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 489.42 Td (6,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 489.42 Td (8,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 474.42 Td (Impairment losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 474.42 Td (78,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 474.42 Td (4,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 474.42 Td (85,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 474.42 Td (9,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 459.42 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 459.42 Td (otal expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 459.42 Td (1) Tj ET Q q 0 0 0 rg BT 376.15 459.42 Td (10,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 459.42 Td (70,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 459.42 Td (201,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 459.42 Td (227,232) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 444.43 Td (Other) Tj ET Q q 0 0 0 rg BT 64.46 444.43 Td ( income \(expenses\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 429.42 Td (Gain \(loss\) on derivative instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 429.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.30 429.47 Td (\(857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 429.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 429.47 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 429.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 429.42 Td (\(39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 429.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 414.42 Td (Gain \(loss\) on sale of real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 414.42 Td (144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 414.42 Td (157,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 414.42 Td (190,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 414.42 Td (216,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 399.42 Td (Foreign currency gains \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.80 399.47 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 399.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 399.42 Td (3,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.80 399.47 Td (\(2,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 399.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 399.42 Td (\(4,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 399.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 384.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.80 384.47 Td (\(7,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 384.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 384.47 Td (\(15,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 384.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.80 384.47 Td (\(22,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 384.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 384.42 Td (\(45,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 384.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 369.42 Td (Other income \(expenses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 369.42 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 369.42 Td (184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 369.42 Td (1,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 369.42 Td (570) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 354.43 Td (Income \(loss\) befor) Tj ET Q q 0 0 0 rg BT 120.56 354.43 Td (e benefit \(pr) Tj ET Q q 0 0 0 rg BT 172.59 354.43 Td (ovision\) for) Tj ET Q q 0 0 0 rg BT 221.01 354.43 Td ( income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 354.47 Td (\(71,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 354.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 354.42 Td (152,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 354.42 Td (108,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 354.42 Td (186,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 339.42 Td (Benefit \(provision\) for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.80 339.47 Td (\(1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 339.47 Td (\(95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.80 339.47 Td (\(1,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 339.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 339.42 Td (1,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 324.42 Td (Provision for income taxes related to sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 324.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 324.47 Td (\(3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 324.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 324.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 324.42 Td (\(3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 324.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 309.43 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 309.47 Td (\(73,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 309.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 309.42 Td (149,1) Tj ET Q q 0 0 0 rg BT 452.65 309.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 309.42 Td (107,71) Tj ET Q q 0 0 0 rg BT 512.60 309.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 309.42 Td (184,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 294.42 Td (Net \(income\) loss attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 294.47 Td (\(54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 294.47 Td (\(10,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 294.47 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 294.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 294.42 Td (\(10,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 294.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 279.43 Td (Net income \(loss\) attributable to common stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 279.47 Td (\(73,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 279.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 279.42 Td (138,1) Tj ET Q q 0 0 0 rg BT 452.65 279.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 279.42 Td (107,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 279.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 279.42 Td (174,148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 264.43 Td (Basic and diluted income \(loss\) per) Tj ET Q q 0 0 0 rg BT 187.53 264.43 Td ( common shar) Tj ET Q q 0 0 0 rg BT 247.90 264.43 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 264.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.80 264.47 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 264.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 264.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 264.42 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 264.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 264.42 Td (0.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 264.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 264.42 Td (0.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 249.42 Td (W) Tj ET Q q 0 0 0 rg BT 48.04 249.42 Td (eighted average number of common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 249.42 Td (263,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 249.42 Td (271,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 249.42 Td (264,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 249.42 Td (272,563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 234.43 Td (Net compr) Tj ET Q q 0 0 0 rg BT 84.17 234.43 Td (ehensive income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 234.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 219.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 219.47 Td (\(73,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 219.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 219.42 Td (149,1) Tj ET Q q 0 0 0 rg BT 452.65 219.42 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 219.42 Td (107,71) Tj ET Q q 0 0 0 rg BT 512.60 219.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 219.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 219.42 Td (184,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 204.42 Td (Other comprehensive income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 204.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 204.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 204.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.00 204.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 189.42 Td (Foreign currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 189.47 Td (\(10,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 189.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 189.47 Td (\(2,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 189.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.80 189.47 Td (\(7,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 189.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 189.42 Td (\(27,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 189.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 174.43 Td (Net compr) Tj ET Q q 0 0 0 rg BT 84.17 174.43 Td (ehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 174.47 Td (\(84,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 174.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 174.42 Td (146,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 174.42 Td (100,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 174.42 Td (157,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 159.42 Td (Net comprehensive \(income\) loss attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 159.47 Td (\(48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 159.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 159.47 Td (\(9,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 159.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 159.47 Td (\(37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 159.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 159.42 Td (\(10,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 159.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 144.43 Td (Net compr) Tj ET Q q 0 0 0 rg BT 84.08 144.43 Td (ehensive income \(loss\) attributable to common stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 144.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.80 144.47 Td (\(84,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 144.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 144.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 144.42 Td (136,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 144.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.10 144.42 Td (100,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 144.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 144.42 Td (147,054) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 116.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.00 749.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 317.86 749.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 344.07 749.25 Td (, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.65 737.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 294.76 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 329.31 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 335.79 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 400.71 737.25 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.40 725.25 Td (For) Tj ET Q q 0 0 0 rg BT 218.77 725.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.10 725.25 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.67 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.17 725.25 Td (September) Tj ET Q q 0 0 0 rg BT 371.09 725.25 Td (30, 2019) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.35 713.25 Td (\(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 701.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 649.75 101.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 649.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 649.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 649.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 649.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 649.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 649.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 649.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 649.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 649.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 649.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 649.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 649.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 649.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 603.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 603.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 603.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 603.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 603.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 603.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 603.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 603.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 603.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 566.75 101.00 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1 rg /GS0 gs 448.50 455.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 455.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 455.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 418.75 101.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 418.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 418.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 418.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 418.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 418.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 418.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 418.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 418.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 418.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 418.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 418.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 418.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 418.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 372.75 101.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 372.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 372.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 372.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 372.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 372.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 372.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 372.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 372.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 344.75 101.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 344.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 344.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 344.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 344.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.50 344.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 344.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 344.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 344.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 344.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 344.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 344.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 344.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 344.75 65.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 649.75 m 187.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 649.75 m 236.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 649.75 m 305.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 649.75 m 374.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 649.75 m 444.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 649.75 m 507.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 649.75 m 576.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 649.75 m 187.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 649.75 m 236.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 649.75 m 305.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 649.75 m 374.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 649.75 m 444.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 649.75 m 507.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 649.75 m 576.5 649.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 515.75 m 187.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 493.75 m 187.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 491.75 m 187.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 515.75 m 236.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 493.75 m 236.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 491.75 m 236.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 515.75 m 305.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 493.75 m 305.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 491.75 m 305.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 515.75 m 374.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 493.75 m 374.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 491.75 m 374.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 515.75 m 444.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 493.75 m 444.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 491.75 m 444.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 515.75 m 507.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 493.75 m 507.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 491.75 m 507.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 515.75 m 576.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 493.75 m 576.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 491.75 m 576.5 491.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 418.75 m 187.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 396.75 m 187.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 394.75 m 187.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 418.75 m 236.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 396.75 m 236.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 394.75 m 236.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 418.75 m 305.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 396.75 m 305.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 394.75 m 305.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 418.75 m 374.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 396.75 m 374.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 394.75 m 374.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 418.75 m 444.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 396.75 m 444.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 394.75 m 444.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 418.75 m 507.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 396.75 m 507.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 394.75 m 507.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 418.75 m 576.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 396.75 m 576.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 394.75 m 576.5 394.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 321.75 m 187.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 299.75 m 187.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 297.75 m 187.5 297.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 321.75 m 236.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 299.75 m 236.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 297.75 m 236.5 297.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 321.75 m 305.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 299.75 m 305.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 297.75 m 305.5 297.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 321.75 m 374.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 299.75 m 374.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 297.75 m 374.5 297.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 321.75 m 444.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 299.75 m 444.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 297.75 m 444.5 297.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 321.75 m 507.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 299.75 m 507.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 297.75 m 507.5 297.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 321.75 m 576.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 299.75 m 576.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 297.75 m 576.5 297.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 654.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 144.25 663.20 Td (Common) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 149.05 654.20 Td (Shar) Tj ET Q q 0 0 0 rg BT 167.47 654.20 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 197.70 654.20 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.95 663.20 Td (Additional) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.10 654.20 Td (Paid-in Capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.00 681.20 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.20 672.20 Td (Distributions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.00 663.20 Td (in Excess of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.95 654.20 Td (Earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.50 681.20 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.55 672.20 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.05 663.20 Td (Compr) Tj ET Q q 0 0 0 rg BT 408.47 663.20 Td (ehensive) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.85 654.20 Td (Income \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.65 672.20 Td (T) Tj ET Q q 0 0 0 rg BT 473.24 672.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.30 663.20 Td (Stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 654.20 Td (Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.55 663.20 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 550.88 663.20 Td (olling) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.80 654.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 546.13 654.20 Td (ests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 640.20 Td (Balance as of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 631.20 Td (January 1, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.75 631.21 Td (267,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 631.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.50 631.21 Td (267) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.00 631.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 631.21 Td (2,409,529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 631.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 631.21 Td (\(688,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 631.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 631.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 631.21 Td (\(128,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 631.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 631.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 631.21 Td (1,592,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 631.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 631.21 Td (468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 617.21 Td (Contribution from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 608.21 Td (noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 608.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 608.21 Td (97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 594.21 Td (Distributions declared) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 594.21 Td (\(661,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 594.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 594.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 594.21 Td (\(661,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 594.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.00 594.21 Td (\(53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 594.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 580.21 Td (Redemption of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 571.21 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.75 571.21 Td (\(2,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.00 571.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.50 571.21 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.00 571.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.25 571.21 Td (\(16,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 571.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 571.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 571.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 571.21 Td (\(16,301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 571.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 571.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 557.21 Td (Issuer costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 557.21 Td (\(8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 557.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 557.21 Td (\(8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 557.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 557.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 543.21 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 543.21 Td (191,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 543.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 543.21 Td (191,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 543.21 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 529.21 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 520.21 Td (translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 520.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 520.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 520.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 520.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.75 520.21 Td (5,671) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.75 520.21 Td (5,671) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 568.50 520.21 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 506.20 Td (Balance as of Mar) Tj ET Q q 0 0 0 rg BT 108.57 506.20 Td (ch 31, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 497.20 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.75 497.21 Td (264,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 497.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.50 497.21 Td (264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.00 497.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 497.21 Td (2,393,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 497.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 497.21 Td (\(1,158,312) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 497.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 497.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 497.21 Td (\(123,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 497.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 497.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 497.21 Td (1,1) Tj ET Q q 0 0 0 rg BT 479.25 497.21 Td (1) Tj ET Q q 0 0 0 rg BT 483.75 497.21 Td (1,919) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 497.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 497.21 Td (525) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 483.21 Td (Redemption of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 474.21 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.50 474.21 Td (\(357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.00 474.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.75 474.21 Td (\(2,091) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 474.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 474.21 Td (\(2,091) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 474.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 474.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 460.21 Td (Issuer costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 460.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 460.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 460.21 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 460.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 460.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 446.21 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 446.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 446.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 446.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 446.21 Td (\(10,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 446.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 446.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 446.21 Td (\(10,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 446.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.00 446.21 Td (\(19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 446.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 432.21 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 423.21 Td (translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 423.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 423.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 423.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 423.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.75 423.21 Td (\(1,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 423.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 423.21 Td (\(1,807) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 423.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 423.21 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 423.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 409.20 Td (Balance as of June 30, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 400.20 Td (2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.75 400.21 Td (264,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 400.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.50 400.21 Td (264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.00 400.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 400.21 Td (2,391,123) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 400.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 400.21 Td (\(1,168,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 400.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 400.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 400.21 Td (\(125,063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 400.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 400.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 400.21 Td (1,097,547) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 400.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 400.21 Td (501) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 386.21 Td (Redemption of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 377.21 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.50 377.21 Td (\(349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.00 377.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 377.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.75 377.21 Td (\(2,442) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 377.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 377.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 377.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 377.21 Td (\(2,442) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 377.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 377.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 363.21 Td (Issuer costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 363.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 363.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.50 363.21 Td (\(8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 363.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 363.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 363.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.50 363.21 Td (\(8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 363.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 363.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 349.21 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 349.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 349.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 349.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.25 349.21 Td (\(73,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 349.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 349.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 349.21 Td (\(73,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 349.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 349.21 Td (54) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 335.21 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 326.21 Td (translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 326.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.00 326.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.00 326.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 326.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.25 326.21 Td (\(10,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 326.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 326.21 Td (\(10,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.00 326.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 326.21 Td (\(6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 573.00 326.21 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 312.20 Td (Balance as of September) Tj ET Q q 0 0 0 rg BT 133.07 312.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 303.20 Td (30, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.75 303.21 Td (263,719) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 303.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.50 303.21 Td (264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.00 303.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 303.21 Td (2,388,673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 303.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.00 303.21 Td (\(1,242,046) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 303.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 303.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 303.21 Td (\(136,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 303.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 303.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 303.21 Td (1,010,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.00 303.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 303.21 Td (549) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 275.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.00 749.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 317.86 749.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 344.07 749.25 Td (, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.65 737.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 294.76 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 329.31 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 335.79 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 400.71 737.25 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.40 725.25 Td (For) Tj ET Q q 0 0 0 rg BT 218.77 725.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.10 725.25 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.67 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.17 725.25 Td (September) Tj ET Q q 0 0 0 rg BT 371.09 725.25 Td (30, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.59 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.35 713.25 Td (\(UNAUDITED\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.00 701.25 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 637.75 99.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 637.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 637.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 637.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 637.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 637.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 637.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 637.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 637.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 637.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 637.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 637.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 637.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 637.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 591.75 99.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 591.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 591.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 591.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 591.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 591.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 591.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 591.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 591.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 591.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 591.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 591.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 591.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 591.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 545.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 545.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 545.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 545.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 545.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 545.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 545.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 545.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 508.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 508.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 508.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 508.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 508.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 508.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 508.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 508.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 508.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 508.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 508.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 508.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 508.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 508.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 480.75 99.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 480.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 480.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 480.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 480.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 480.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 480.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 480.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 480.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 480.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 480.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 480.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 480.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 480.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 434.75 99.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 434.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 434.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 434.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 434.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 434.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 434.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 434.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 434.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 434.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 434.75 4.00 -23.00 re f /GS0 gs 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0.9333333333333333 1 rg /GS0 gs 442.50 397.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 397.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 397.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 397.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 360.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 360.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 360.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 360.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 360.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 360.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 360.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 360.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 360.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 323.75 99.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 323.75 50.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 323.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 323.75 45.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 323.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 323.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 323.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 323.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 323.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 323.75 66.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 323.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 323.75 59.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 323.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 323.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 268.75 99.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 268.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 268.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 268.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 268.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 268.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 268.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 268.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 268.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 268.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 268.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 268.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 268.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 268.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 231.75 99.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 231.75 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 231.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 231.75 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 231.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 231.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 231.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 231.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 231.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 231.75 66.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 231.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 231.75 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 231.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 231.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 194.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 194.75 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 194.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 194.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 194.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 194.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 194.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 194.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 194.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 157.75 99.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.50 157.75 50.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 157.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 157.75 45.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 157.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 157.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 157.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 157.75 65.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 157.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 376.50 157.75 66.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 157.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 157.75 59.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 157.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 157.75 65.00 -32.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 135.5 637.75 m 185.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 637.75 m 234.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 637.75 m 303.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 637.75 m 372.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 637.75 m 442.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 637.75 m 505.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 509.5 637.75 m 574.5 637.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 637.75 m 234.5 637.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 135.5 457.75 m 185.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.5 435.75 m 185.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.5 433.75 m 185.5 433.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 457.75 m 234.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 435.75 m 234.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 433.75 m 234.5 433.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 457.75 m 303.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 435.75 m 303.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 433.75 m 303.5 433.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 457.75 m 372.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 435.75 m 372.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 433.75 m 372.5 433.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 457.75 m 442.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 435.75 m 442.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 433.75 m 442.5 433.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 457.75 m 505.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 435.75 m 505.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 433.75 m 505.5 433.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 509.5 457.75 m 574.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 435.75 m 574.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 433.75 m 574.5 433.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 135.5 291.75 m 185.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.5 269.75 m 185.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.5 267.75 m 185.5 267.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 291.75 m 234.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 269.75 m 234.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 267.75 m 234.5 267.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 291.75 m 303.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 269.75 m 303.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 267.75 m 303.5 267.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 291.75 m 372.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 269.75 m 372.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 267.75 m 372.5 267.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 291.75 m 442.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 269.75 m 442.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 267.75 m 442.5 267.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 291.75 m 505.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 269.75 m 505.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 267.75 m 505.5 267.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 509.5 291.75 m 574.5 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 269.75 m 574.5 269.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 267.75 m 574.5 267.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 135.5 125.75 m 185.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.5 103.75 m 185.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135.5 101.75 m 185.5 101.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 189.5 125.75 m 234.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 103.75 m 234.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 101.75 m 234.5 101.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 238.5 125.75 m 303.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 103.75 m 303.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 101.75 m 303.5 101.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 125.75 m 372.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 103.75 m 372.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 101.75 m 372.5 101.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 125.75 m 442.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 103.75 m 442.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 101.75 m 442.5 101.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 446.5 125.75 m 505.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 103.75 m 505.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 101.75 m 505.5 101.75 l s 0 0 0 RG /GS0 gs 2.50 w 0 i [] 0 d 0 J 0 j 3 M 509.5 125.75 m 574.5 125.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 103.75 m 574.5 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 101.75 m 574.5 101.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.50 642.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 142.25 651.20 Td (Common) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 147.05 642.20 Td (Shar) Tj ET Q q 0 0 0 rg BT 165.47 642.20 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 195.70 642.20 Td (Amount) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.95 651.20 Td (Additional) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.10 642.20 Td (Paid-in Capital) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.00 669.20 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.20 660.20 Td (Distributions) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.00 651.20 Td (in Excess of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 321.95 642.20 Td (Earnings) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.50 669.20 Td (Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.55 660.20 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 379.05 651.20 Td (Compr) Tj ET Q q 0 0 0 rg BT 406.47 651.20 Td (ehensive) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.85 642.20 Td (Income \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.65 660.20 Td (T) Tj ET Q q 0 0 0 rg BT 471.24 660.20 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.30 651.20 Td (Stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.45 642.20 Td (Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.55 651.20 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 548.88 651.20 Td (olling) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.80 642.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 544.13 642.20 Td (ests) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 629.15 Td (Balance as of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 620.15 Td (January 1, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.75 619.21 Td (274,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 619.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 619.21 Td (274) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.00 619.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.00 619.21 Td (2,471,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 619.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.75 619.21 Td (\(968,158) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 619.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.00 619.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.75 619.21 Td (\(128,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 619.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 619.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 619.21 Td (1,374,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 619.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.75 619.21 Td (1,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 606.01 Td (Cumulative ef) Tj ET Q q 0 0 0 rg BT 90.07 606.01 Td (fect of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 597.01 Td (accounting changes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 596.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 596.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 596.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.75 596.21 Td (1,365) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 596.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 596.21 Td (1,365) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.50 596.21 Td (898) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 583.01 Td (Issuance of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 574.01 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.75 573.21 Td (2,512) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 573.21 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.25 573.21 Td (22,61) Tj ET Q q 0 0 0 rg BT 295.50 573.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 573.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 573.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 573.21 Td (22,614) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 573.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 560.01 Td (Contribution from ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 551.01 Td (noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 550.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 550.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 550.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 550.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 550.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 550.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 550.21 Td (70) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 537.01 Td (Distributions declared) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 536.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 536.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 536.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 536.21 Td (\(44,420) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 536.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 536.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 536.21 Td (\(44,420) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 536.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 536.21 Td (\(60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 536.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 523.01 Td (Redemption of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 514.01 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.75 513.21 Td (\(3,658) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.00 513.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.50 513.21 Td (\(4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.00 513.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.25 513.21 Td (\(32,191) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 513.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 513.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 513.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 513.21 Td (\(32,195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 513.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 513.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 500.01 Td (Issuer costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 499.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 499.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 499.21 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 499.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 499.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 499.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 499.21 Td (\(29) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 499.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 499.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 486.01 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 485.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 485.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 485.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 485.21 Td (\(10,180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 485.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 485.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 485.21 Td (\(10,180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 485.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.50 485.21 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 485.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 472.01 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 463.01 Td (translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 462.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 462.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 462.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 462.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 462.21 Td (9,61) Tj ET Q q 0 0 0 rg BT 434.50 462.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 462.21 Td (9,61) Tj ET Q q 0 0 0 rg BT 497.50 462.21 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 462.21 Td (44) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 449.15 Td (Balance as of Mar) Tj ET Q q 0 0 0 rg BT 108.57 449.15 Td (ch 31, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 440.15 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.75 439.21 Td (273,109) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 439.21 Td (273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.00 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.00 439.21 Td (2,461,395) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.00 439.21 Td (\(1,021,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 439.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.00 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.75 439.21 Td (\(1) Tj ET Q q 0 0 0 rg BT 414.25 439.21 Td (19,258) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 439.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 439.21 Td (1,321,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 439.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.75 439.21 Td (2,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 426.01 Td (Issuance of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 417.01 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.75 416.21 Td (2,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 416.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.25 416.21 Td (21,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 416.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 416.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 416.21 Td (21,978) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 416.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 403.01 Td (Distributions declared) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 402.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 402.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 402.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 402.21 Td (\(44,301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 402.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 402.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 402.21 Td (\(44,301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 402.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 402.21 Td (\(52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 402.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 389.01 Td (Redemption of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 380.01 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.75 379.21 Td (\(3,081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.00 379.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.50 379.21 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.00 379.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.25 379.21 Td (\(26,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 379.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 379.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 379.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 379.21 Td (\(26,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 379.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 379.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 366.01 Td (Issuer costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 365.21 Td (\(10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 365.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 365.21 Td (\(10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 365.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 352.01 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 351.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 351.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 351.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.25 351.21 Td (46,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 351.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 351.21 Td (46,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 351.21 Td (\(774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 351.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 338.01 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 329.01 Td (translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 328.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 328.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 328.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 328.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.25 328.21 Td (\(35,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 328.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 328.21 Td (\(35,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 328.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 328.21 Td (\(45) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 328.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 315.01 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 306.01 Td (translation adjustment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 297.01 Td (reclassified into earnings.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 296.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 296.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 296.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 296.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 296.21 Td (1,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 296.21 Td (1,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 296.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 283.15 Td (Balance as of June 30, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 274.15 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.75 273.21 Td (272,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 273.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 273.21 Td (272) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.00 273.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.00 273.21 Td (2,456,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 273.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.00 273.21 Td (\(1,019,484) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 273.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.00 273.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.75 273.21 Td (\(153,001) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 273.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 273.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 273.21 Td (1,284,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 273.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.75 273.21 Td (1,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 260.01 Td (Issuance of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 251.01 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.75 250.21 Td (1,610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 250.21 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 275.25 250.21 Td (14,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 250.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 250.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 250.21 Td (14,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 250.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 237.01 Td (Distributions declared) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 236.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 236.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 236.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 236.21 Td (\(44,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 236.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 236.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 236.21 Td (\(44,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 236.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 236.21 Td (\(1) Tj ET Q q 0 0 0 rg BT 550.75 236.21 Td (1,768) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 236.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 223.01 Td (Redemption of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 214.01 Td (shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.75 213.21 Td (\(3,180) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.50 213.21 Td (\(3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.25 213.21 Td (\(33,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 213.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 213.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 213.21 Td (\(33,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 213.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 213.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 200.01 Td (Issuer costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 199.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 199.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 199.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.00 199.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 199.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 199.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 199.21 Td (\(13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 199.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 199.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 186.01 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 185.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 185.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 185.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 185.21 Td (138,1) Tj ET Q q 0 0 0 rg BT 360.00 185.21 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 185.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 185.21 Td (138,1) Tj ET Q q 0 0 0 rg BT 493.00 185.21 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.25 185.21 Td (10,996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 172.01 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 163.01 Td (translation adjustment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 162.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 162.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 162.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 162.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.75 162.21 Td (\(6,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 162.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 162.21 Td (\(6,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 162.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.50 162.21 Td (\(5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 571.00 162.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 149.01 Td (Foreign currency ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 140.01 Td (translation adjustment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 131.01 Td (reclassified into earnings.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 130.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 130.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 130.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 130.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.75 130.21 Td (3,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 130.21 Td (3,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 562.00 130.21 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 117.15 Td (Balance as of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 108.15 Td (September) Tj ET Q q 0 0 0 rg BT 80.33 108.15 Td ( 30, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.75 107.21 Td (270,889) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 107.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.50 107.21 Td (271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.00 107.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.00 107.21 Td (2,437,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.00 107.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.75 107.21 Td (\(925,523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 107.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.00 107.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.75 107.21 Td (\(155,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.00 107.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 107.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 107.21 Td (1,356,722) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 107.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 557.50 107.21 Td (608) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 79.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.00 749.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 317.86 749.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 344.07 749.25 Td (, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.00 737.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 281.11 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 315.66 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 322.14 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 387.06 737.25 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.80 725.25 Td (For) Tj ET Q q 0 0 0 rg BT 198.17 725.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.50 725.25 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.07 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.57 725.25 Td (September) Tj ET Q q 0 0 0 rg BT 350.49 725.25 Td (30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.99 725.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.11 725.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.11 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.35 713.25 Td (\(UNAUDITED\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 674.75 406.00 -14.00 re f /GS0 gs 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0.9333333333333333 1 rg /GS0 gs 507.50 590.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 590.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 562.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 562.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 562.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 562.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 534.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 534.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 534.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 534.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 506.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 506.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 506.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 478.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 478.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 478.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 478.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 449.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 449.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 449.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 449.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 421.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 421.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 421.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 421.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 392.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 392.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 392.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 392.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 364.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 364.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 364.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 364.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 336.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 336.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 336.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 336.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 308.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 308.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 308.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 308.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 280.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 280.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 280.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 280.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 252.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 252.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 252.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 252.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 224.75 406.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 224.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 224.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 224.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 688.75 m 507.5 688.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 688.75 m 576.5 688.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 478.75 m 507.5 478.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 478.75 m 576.5 478.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 464.75 m 507.5 464.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 464.75 m 576.5 464.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 421.75 m 507.5 421.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 407.75 m 507.5 407.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 421.75 m 576.5 421.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 407.75 m 576.5 407.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 266.75 m 507.5 266.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 252.75 m 507.5 252.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 266.75 m 576.5 266.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 252.75 m 576.5 252.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 210.75 m 507.5 210.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 210.75 m 576.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 197.75 m 507.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 195.75 m 507.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 197.75 m 576.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 195.75 m 576.5 195.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 693.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.50 693.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.50 693.43 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 679.43 Td (CASH FLOWS FROM OPERA) Tj ET Q q 0 0 0 rg BT 175.58 679.43 Td (TING ) Tj ET Q q 0 0 0 rg BT 202.99 679.43 Td (ACTIVITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 679.43 Td (\(In thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 665.32 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 665.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 665.32 Td (107,71) Tj ET Q q 0 0 0 rg BT 498.65 665.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 665.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 665.32 Td (184,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 651.32 Td (Adjustments to reconcile net income \(loss\) to net cash from operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 651.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 651.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 637.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 637.32 Td (38,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 637.32 Td (100,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 623.32 Td (Foreign currency \(gains\) losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 623.32 Td (2,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 623.32 Td (4,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 609.32 Td (\(Gain\) on the sale of real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 609.37 Td (\(190,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 609.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 609.32 Td (\(216,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 609.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 595.32 Td (Impairment losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 595.32 Td (85,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 595.32 Td (9,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 581.32 Td (\(Gain\) loss on derivative instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 581.32 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 581.32 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 567.32 Td (Changes in assets and liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 567.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 567.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 553.32 Td (Change in other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 553.37 Td (\(864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 553.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 553.32 Td (\(1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 553.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 539.32 Td (Change in tenant and other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 539.37 Td (\(8,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 539.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 539.32 Td (3,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 525.32 Td (Change in deferred leasing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 525.37 Td (\(26,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 525.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 525.32 Td (\(58,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 525.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 511.32 Td (Change in accounts payable and accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 511.37 Td (\(6,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 511.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 511.32 Td (6,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 497.32 Td (Change in other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 497.37 Td (\(953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 497.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 497.32 Td (\(1,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 497.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 483.32 Td (Change in due to af) Tj ET Q q 0 0 0 rg BT 123.13 483.32 Td (filiates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 483.37 Td (\(2,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 483.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 483.32 Td (\(2,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 483.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 469.32 Td (Net cash \(used in\) from operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 469.37 Td (\(2,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 469.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 469.32 Td (27,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 454.43 Td (CASH FLOWS FROM INVESTING ) Tj ET Q q 0 0 0 rg BT 199.30 454.43 Td (ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 454.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 454.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 440.32 Td (Proceeds from the sale of real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 440.32 Td (454,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 440.32 Td (374,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 426.32 Td (Capital expenditures at operating properties and developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 426.37 Td (\(56,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 426.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 426.32 Td (\(48,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 426.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 412.32 Td (Net cash from investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 412.32 Td (397,71) Tj ET Q q 0 0 0 rg BT 498.65 412.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 412.32 Td (325,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 397.43 Td (CASH FLOWS FROM FINANCING ) Tj ET Q q 0 0 0 rg BT 200.95 397.43 Td (ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 383.32 Td (Contribution from noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 383.32 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 383.32 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 369.32 Td (Redemption of common shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 369.37 Td (\(28,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 369.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 369.32 Td (\(89,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 369.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 355.32 Td (Payments of issuer costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.30 355.37 Td (\(28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 355.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 355.32 Td (\(76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 355.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 341.32 Td (Distributions paid to stockholders and noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 341.37 Td (\(675,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 341.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 341.32 Td (\(362,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 341.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 327.32 Td (Proceeds from notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 327.32 Td (280,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 327.32 Td (337,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 313.32 Td (Payments on notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 313.37 Td (\(142,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 313.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 313.32 Td (\(491,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 313.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 299.32 Td (Change in security deposit liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 299.32 Td (657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 299.32 Td (751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 285.32 Td (Deferred financing costs paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 285.37 Td (\(1,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 285.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 285.32 Td (\(286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 285.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 271.32 Td (Payments related to interest rate contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 271.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 271.32 Td (\(33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 271.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 257.32 Td (Net cash used in financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 257.37 Td (\(567,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 257.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 257.32 Td (\(606,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 257.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 243.43 Td (Effect of exchange rate changes on cash, cash equivalents, and r) Tj ET Q q 0 0 0 rg BT 310.56 243.43 Td (estricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 243.37 Td (\(691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 243.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 243.32 Td (\(1,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 243.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 229.43 Td (Net change in cash, cash equivalents, and r) Tj ET Q q 0 0 0 rg BT 221.42 229.43 Td (estricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 229.37 Td (\(173,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 229.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 229.32 Td (\(255,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 229.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 215.43 Td (Cash, cash equivalents, and r) Tj ET Q q 0 0 0 rg BT 163.38 215.43 Td (estricted cash, beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 215.32 Td (261,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 215.32 Td (418,210) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 201.43 Td (Cash, cash equivalents, and r) Tj ET Q q 0 0 0 rg BT 163.29 201.43 Td (estricted cash, end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 201.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 201.32 Td (87,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 201.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 201.32 Td (162,529) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 173.25 Td (See notes to the condensed consolidated financial statements.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.00 749.25 Td (HINES GLOBAL) Tj ET Q q 0 0 0 rg BT 317.86 749.25 Td ( REIT) Tj ET Q q 0 0 0 rg BT 344.07 749.25 Td (, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.95 737.25 Td (NOTES) Tj ET Q q 0 0 0 rg BT 167.17 737.25 Td (T) Tj ET Q q 0 0 0 rg BT 173.66 737.25 Td (O ) Tj ET Q q 0 0 0 rg BT 183.76 737.25 Td (THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 332.49 737.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 411.67 737.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 425.66 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 432.14 737.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.65 725.25 Td (For) Tj ET Q q 0 0 0 rg BT 175.02 725.25 Td ( the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.17 725.25 Td (Thr) Tj ET Q q 0 0 0 rg BT 209.65 725.25 Td (ee and Nine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.65 725.25 Td ( Months Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.73 725.25 Td (September) Tj ET Q q 0 0 0 rg BT 373.65 725.25 Td (30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.15 725.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.27 725.25 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.27 725.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (1.ORGANIZA) Tj ET Q q 0 0 0 rg BT 102.76 701.25 Td (TION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (The accompanying interim unaudited condensed consolidated financial information has been pr) Tj ET Q q 0 0 0 rg BT 438.58 677.25 Td (epar) Tj ET Q q 0 0 0 rg BT 456.53 677.25 Td (ed accor) Tj ET Q q 0 0 0 rg BT 490.87 677.25 Td (ding to the rules and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (r) Tj ET Q q 0 0 0 rg BT 39.52 665.25 Td (egulations of the United States Securities and Exchange Commission \(SEC\). Certain information and footnote disclosur) Tj ET Q q 0 0 0 rg BT 530.51 665.25 Td (es ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (normally included in financial statements pr) Tj ET Q q 0 0 0 rg BT 213.11 653.25 Td (epar) Tj ET Q q 0 0 0 rg BT 231.07 653.25 Td (ed in accor) Tj ET Q q 0 0 0 rg BT 275.68 653.25 Td (dance with accounting principles generally accepted in the United States ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 46.10 641.25 Td (America \(GAAP\) have been condensed or omitted accor) Tj ET Q q 0 0 0 rg BT 282.05 641.25 Td (ding to such rules and r) Tj ET Q q 0 0 0 rg BT 376.96 641.25 Td (egulations. For further information, r) Tj ET Q q 0 0 0 rg BT 527.15 641.25 Td (efer to the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (financial statements and footnotes for the year ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 250.97 629.25 Td (December31, 2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 329.55 629.25 Td ( included in Hines Global REIT) Tj ET Q q 0 0 0 rg BT 455.74 629.25 Td (, Inc.) Tj ET Q q 0 0 0 rg BT 478.05 629.25 Td (s ) Tj ET Q q 0 0 0 rg BT 484.26 629.25 Td (Annual Report on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Form10-K for the year ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 158.75 617.25 Td (December31, 2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.34 617.25 Td (. In the opinion of management, all adjustments and eliminations, consisting only of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (normal r) Tj ET Q q 0 0 0 rg BT 70.91 605.25 Td (ecurring adjustments, necessary to pr) Tj ET Q q 0 0 0 rg BT 221.36 605.25 Td (esent fairly and in conformity with GAAP) Tj ET Q q 0 0 0 rg BT 387.26 605.25 Td ( the financial position of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 564.01 605.25 Td (, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (Inc. as of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.44 593.25 Td (September30, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 155.15 593.25 Td (, the r) Tj ET Q q 0 0 0 rg BT 178.38 593.25 Td (esults of operations for the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.10 593.25 Td (thr) Tj ET Q q 0 0 0 rg BT 299.40 593.25 Td (ee and nine) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.50 593.25 Td ( months ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.77 593.25 Td (September30, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.47 593.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 505.47 593.25 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 525.47 593.25 Td ( and cash ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (flows for the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.50 581.25 Td (nine months ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 163.49 581.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.99 581.25 Td (September30, 2019) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.70 581.25 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 265.70 581.25 Td (2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.70 581.25 Td ( have been included.The r) Tj ET Q q 0 0 0 rg BT 393.91 581.25 Td (esults of operations for such interim periods ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (ar) Tj ET Q q 0 0 0 rg BT 44.52 569.25 Td (e not necessarily indicative of the r) Tj ET Q q 0 0 0 rg BT 184.67 569.25 Td (esults for the full year) Tj ET Q q 0 0 0 rg BT 271.33 569.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 545.25 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 131.02 545.25 Td (, Inc. \(the Company\) was formed as a Maryland corporation on December10, 2008, under the General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (Corporation Law of the state of Maryland for the purpose of engaging in the business of investing in and owning commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (estate properties and other real estate investments. ) Tj ET Q q 0 0 0 rg BT 239.08 521.25 Td (The Company conducts substantially all of its operations through Hines Global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (REIT) Tj ET Q q 0 0 0 rg BT 58.04 509.25 Td ( Properties, LP) Tj ET Q q 0 0 0 rg BT 117.38 509.25 Td ( \(the Operating Partnership\) and subsidiaries of the Operating Partnership. ) Tj ET Q q 0 0 0 rg BT 425.72 509.25 Td (The Company operates in a manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (to qualify as a real estate investment trust \(REIT\) for U.S. federal income tax purposes. ) Tj ET Q q 0 0 0 rg BT 396.25 497.25 Td (The business of the Company is managed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 113.58 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 115.53 485.25 Td (AdvisorsLP) Tj ET Q q 0 0 0 rg BT 165.44 485.25 Td ( \(the Advisor\), an af) Tj ET Q q 0 0 0 rg BT 254.95 485.25 Td (filiate of Hines Interests Limited Partnership \(Hines\), pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 75.17 473.25 Td (Agreement between the Company) Tj ET Q q 0 0 0 rg BT 210.86 473.25 Td (, the ) Tj ET Q q 0 0 0 rg BT 230.03 473.25 Td (Advisor and the Operating Partnership \(the Advisory ) Tj ET Q q 0 0 0 rg BT 448.59 473.25 Td (Agreement\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.25 Td (The Company raised the equity capital for its real estate investments through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.91 449.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.91 449.25 Td ( public of) Tj ET Q q 0 0 0 rg BT 417.06 449.25 Td (ferings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.71 449.25 Td (August5, 2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 449.25 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (April1) Tj ET Q q 0 0 0 rg BT 64.24 437.25 Td (1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.24 437.25 Td (, which included primary of) Tj ET Q q 0 0 0 rg BT 205.41 437.25 Td (fering shares as well as shares issued through its distribution reinvestment plan. ) Tj ET Q q 0 0 0 rg BT 526.00 437.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (Company terminated its of) Tj ET Q q 0 0 0 rg BT 142.74 425.25 Td (fering of primary of) Tj ET Q q 0 0 0 rg BT 222.25 425.25 Td (fering shares in ) Tj ET Q q 0 0 0 rg BT 285.85 425.25 Td (April 2014, but continued to issue shares through its distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (reinvestment plan \(the DRP) Tj ET Q q 0 0 0 rg BT 151.43 413.25 Td ( Of) Tj ET Q q 0 0 0 rg BT 164.31 413.25 Td (fering\) from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.84 413.25 Td (April24, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.45 413.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.67 413.25 Td (August 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.06 413.25 Td (. Collectively) Tj ET Q q 0 0 0 rg BT 397.79 413.25 Td (, through these public of) Tj ET Q q 0 0 0 rg BT 495.09 413.25 Td (ferings, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (Company received gross of) Tj ET Q q 0 0 0 rg BT 145.51 401.25 Td (fering proceeds of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.01 401.25 Td ($3.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.13 401.25 Td ( from the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.16 401.25 Td (313.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.05 401.25 Td ( shares, which was invested in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 92.38 389.25 Td (s real estate portfolio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 365.25 Td (In recent years, the Company has concentrated its ef) Tj ET Q q 0 0 0 rg BT 262.90 365.25 Td (forts on actively managing its assets and exploring a variety of strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (opportunities focused on enhancing the composition of its portfolio and its total return potential for its stockholders. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.25 353.25 Td (April23, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 341.25 Td (, in connection with its review of potential strategic alternatives available to the Company) Tj ET Q q 0 0 0 rg BT 414.69 341.25 Td (, the Company) Tj ET Q q 0 0 0 rg BT 476.07 341.25 Td (s board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.25 Td (determined that it is in the best interest of the Company and its stockholders to sell all or substantially all of the Company) Tj ET Q q 0 0 0 rg BT 525.36 329.25 Td (s properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.25 Td (and assets and for the Company to liquidate and dissolve pursuant to a Plan of Liquidation and Dissolution \(the Plan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.25 Td (Liquidation\). ) Tj ET Q q 0 0 0 rg BT 97.75 305.25 Td (The principal purpose of the Plan of Liquidation is to provide liquidity to the Company) Tj ET Q q 0 0 0 rg BT 449.36 305.25 Td (s stockholders by selling the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 293.25 Td (s assets, paying its debts and distributing the net proceeds from liquidation to the Company) Tj ET Q q 0 0 0 rg BT 445.11 293.25 Td (s stockholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.25 Td (As required by Maryland law and the Company) Tj ET Q q 0 0 0 rg BT 247.56 269.25 Td (s charter) Tj ET Q q 0 0 0 rg BT 281.31 269.25 Td (, the Plan of Liquidation was approved by the af) Tj ET Q q 0 0 0 rg BT 473.86 269.25 Td (firmative vote of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.25 Td (holders of at least a majority of the shares of the Company) Tj ET Q q 0 0 0 rg BT 272.88 257.25 Td (s common stock outstanding and entitled to vote thereon at the Company) Tj ET Q q 0 0 0 rg BT 567.55 257.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.25 Td (annual meeting of stockholders held on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.96 245.25 Td (July17, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.13 245.25 Td (. In accordance with Maryland law) Tj ET Q q 0 0 0 rg BT 388.87 245.25 Td (, the Plan of Liquidation provides the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.25 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 233.25 Td (s board of directors with the authority to modify or amend the Plan of Liquidation without further action by the Company) Tj ET Q q 0 0 0 rg BT 566.45 233.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.25 Td (stockholders to the extent permitted by then-current law and to terminate the Plan of Liquidation for any reason, provided that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.25 Td (board of directors may not terminate the Plan of Liquidation after ) Tj ET Q q 0 0 0 rg BT 300.09 209.25 Td (Articles of Dissolution have been filed with and accepted for record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.25 Td (by the State Department of ) Tj ET Q q 0 0 0 rg BT 145.69 197.25 Td (Assessments and ) Tj ET Q q 0 0 0 rg BT 216.06 197.25 Td (T) Tj ET Q q 0 0 0 rg BT 221.47 197.25 Td (axation of Maryland. If the sale of all or substantially all of the Company) Tj ET Q q 0 0 0 rg BT 516.95 197.25 Td (s assets is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.25 Td (completed as expected, the Company expects to make one or more additional liquidating distributions to its stockholders during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.25 Td (period of the liquidation process and to make the final liquidating distribution to its stockholders on or before July 17, 2020 \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.91 173.25 Td (24 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.25 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.45 161.25 Td ( after stockholder approval of the Plan of Liquidation\). ) Tj ET Q q 0 0 0 rg BT 286.87 161.25 Td (There can be no assurances regarding the timing or amounts of any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.25 Td (additional liquidating distributions or that the Company will make the final distribution on or before July 17, 2020. In addition, even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.25 Td (if the Company sells all of its assets by July 17, 2020, it may determine not to distribute all distributable cash by that date and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.25 Td (establish a reserve to provide for any remaining obligations and to cover its expenses as it completes its wind down and dissolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.25 Td (Through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.94 101.25 Td (November14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.65 101.25 Td (, the Company has paid aggregate return of capital distributions of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.61 101.25 Td ($4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.11 101.25 Td ( per share to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 89.25 Td (its stockholders, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.37 89.25 Td ($2.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.87 89.25 Td ( per share of liquidating distributions pursuant to the Plan of Liquidation. See Note 5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 77.25 Td (Distributions for additional information regarding these distributions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 53.25 Td (Because the Plan of Liquidation follows the Company) Tj ET Q q 0 0 0 rg BT 273.68 53.25 Td (s initial business plan, these financial statements have not been prepared on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 41.25 Td (the liquidation basis of accounting.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 24.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td (The Company sold its interests in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.66 737.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.33 737.10 Td ( properties for an aggregate sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.03 737.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.14 737.10 Td ( during 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.25 737.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.25 737.10 Td ( properties in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.51 737.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.51 737.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (an aggregate sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.55 725.10 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.67 725.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.61 725.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.61 725.10 Td ( properties in the first quarter of 2019 for an aggregate sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.06 725.10 Td ($477.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.95 725.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.44 713.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.71 713.10 Td (, the Company owned interests in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.07 713.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.07 713.10 Td ( real estate investments, consisting of the following types of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (investments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 677.10 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 103.83 677.10 Td (of) Tj ET Q q 0 0 0 rg BT 111.97 677.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 129.46 677.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 179.73 677.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.06 677.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.06 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.56 677.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 665.10 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 103.83 665.10 Td (other ) Tj ET Q q 0 0 0 rg BT 126.87 665.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 177.15 665.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.48 665.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.48 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.98 665.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 653.10 Td (International ) Tj ET Q q 0 0 0 rg BT 116.59 653.10 Td (of) Tj ET Q q 0 0 0 rg BT 124.74 653.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 142.22 653.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 192.50 653.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.83 653.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.83 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.33 653.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 641.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 641.10 Td (International ) Tj ET Q q 0 0 0 rg BT 116.59 641.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.64 641.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 189.91 641.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.24 641.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.24 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.74 641.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 617.10 Td (November14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.15 617.10 Td (, the Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.08 617.10 Td ($751.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.98 617.10 Td ( of debt scheduled to mature within a year) Tj ET Q q 0 0 0 rg BT 461.70 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 466.52 617.10 Td (The Company does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (have suf) Tj ET Q q 0 0 0 rg BT 69.42 605.10 Td (ficient cash on hand or other legally binding commitments that can be utilized to repay such debt. In evaluating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (Company) Tj ET Q q 0 0 0 rg BT 77.67 593.10 Td (s current and projected sources of liquidity to meet the obligations of such debt, the Company has assessed its available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (options and has determined that its plan is to repay such obligations with proceeds from the sale of assets pursuant to the Plan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (Liquidation. ) Tj ET Q q 0 0 0 rg BT 87.48 569.10 Td (T) Tj ET Q q 0 0 0 rg BT 92.89 569.10 Td (o the extent such proceeds are not suf) Tj ET Q q 0 0 0 rg BT 242.93 569.10 Td (ficient, the Company has determined it is probable that it will either meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (covenant requirements necessary to exercise the extension options on its Revolving Credit Facility \(as defined in Note 4\) or that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (market-based alternatives to refinance the maturing debt will be available and that these actions will provide the necessary cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (to repay the maturing debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 509.10 Td (2.SUMMAR) Tj ET Q q 0 0 0 rg BT 97.25 509.10 Td (Y) Tj ET Q q 0 0 0 rg BT 104.10 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.60 509.10 Td (OF) Tj ET Q q 0 0 0 rg BT 120.12 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.62 509.10 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 189.12 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.07 509.10 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 263.01 509.10 Td (POLICIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (Described below are certain of the Company) Tj ET Q q 0 0 0 rg BT 235.60 485.10 Td (s significant accounting policies. ) Tj ET Q q 0 0 0 rg BT 369.00 485.10 Td (The disclosures regarding several of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (policies have been condensed or omitted in accordance with interim reporting regulations specified in the instructions for Form 10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Q. Please see the Company) Tj ET Q q 0 0 0 rg BT 147.92 461.10 Td (s ) Tj ET Q q 0 0 0 rg BT 153.76 461.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.10 461.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.68 461.10 Td ( for a complete listing of all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (its significant accounting policies.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td (Assets and Liabilities Held for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (As described previously) Tj ET Q q 0 0 0 rg BT 150.00 401.10 Td (, in connection with the execution of the Plan of Liquidation, the Company is actively working to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (its remaining properties by July 2020. ) Tj ET Q q 0 0 0 rg BT 189.59 389.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 238.93 389.10 Td (, in July 2019, the Company determined that all of its real estate properties and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (their related assets and associated liabilities should be classified as held for sale in accordance with the Financial ) Tj ET Q q 0 0 0 rg BT 488.63 377.10 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (Standards Board \(F) Tj ET Q q 0 0 0 rg BT 117.46 365.10 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 146.63 365.10 Td (Accounting Standards Codification \(ASC\) 360-10. ) Tj ET Q q 0 0 0 rg BT 362.99 365.10 Td (ASC 360-10 requires amounts related to assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (held for sale to be recorded at the lower of their current carrying value or their estimated net realizable value \(i.e. fair value less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (costs to sell\). ) Tj ET Q q 0 0 0 rg BT 92.94 341.10 Td (As a result, the Company recorded impairment losses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.78 341.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.44 341.10 Td ( of its properties during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.53 341.10 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.76 329.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.26 329.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 329.10 Td (. See Note 7 Fair ) Tj ET Q q 0 0 0 rg BT 201.07 329.10 Td (V) Tj ET Q q 0 0 0 rg BT 207.18 329.10 Td (alue Measurements for additional information regarding these impairment char) Tj ET Q q 0 0 0 rg BT 523.00 329.10 Td (ges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.10 Td (As ) Tj ET Q q 0 0 0 rg BT 67.06 305.10 Td (ASC 360-10 requires the separate presentation of assets and liabilities classified as held for sale, we have aggregated and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (presented these assets and liabilities as one line on the balance sheet \(assets held for sale and liabilities associated with assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 281.10 Td (held for sale, respectively\), which are described further in the tables below) Tj ET Q q 0 0 0 rg BT 338.28 281.10 Td (. Further) Tj ET Q q 0 0 0 rg BT 374.82 281.10 Td (, as a result of the held for sale designation, no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 269.10 Td (depreciation or amortization related to the properties was recorded after July 2019. ) Tj ET Q q 0 0 0 rg BT 371.80 269.10 Td (These assets did not qualify to be classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (discontinued operations, because the sale of these assets does not represent a strategic shift in the Company) Tj ET Q q 0 0 0 rg BT 468.38 257.10 Td (s operations. ) Tj ET Q q 0 0 0 rg BT 523.37 257.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 245.10 Td (, assets held for sale consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 219.60 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 219.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 219.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 191.60 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 191.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 191.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 163.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 163.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 163.60 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 133.60 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 133.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 133.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 105.60 412.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 105.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 105.60 110.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 219.60000000000002 m 561.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 105.60000000000002 m 561.5 105.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 92.60000000000002 m 561.5 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 90.60000000000002 m 561.5 90.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 224.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.25 224.28 Td (September) Tj ET Q q 0 0 0 rg BT 510.17 224.28 Td ( 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 210.17 Td (Investment property) Tj ET Q q 0 0 0 rg BT 118.49 210.17 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 210.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 210.17 Td (1,478,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 196.17 Td (Restricted cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 196.17 Td (9,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 182.17 Td (T) Tj ET Q q 0 0 0 rg BT 43.76 182.17 Td (enant and other receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 182.17 Td (67,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 168.17 Td (Intangible lease assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 168.17 Td (106,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 153.27 Td (Right-of-use asset, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 153.27 Td (91,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 138.27 Td (Deferred leasing costs, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 138.27 Td (164,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 124.17 Td (Deferred financing costs, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 124.17 Td (845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 110.17 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 110.17 Td (14,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.17 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 96.17 Td (otal assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 96.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 96.17 Td (1,931,883) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 742.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 742.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 742.10 Td (, liabilities associated with assets held for sale consisted of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 716.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 716.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 716.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.50 716.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 688.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 688.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 688.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.50 688.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 660.60 398.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 660.60 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.50 660.60 14.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 716.6 m 547.5 716.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 547.5 716.6 m 561.5 716.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 645.6 m 547.5 645.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 547.5 645.6 m 561.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 632.6 m 547.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 630.6 m 547.5 630.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.5 632.6 m 561.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 547.5 630.6 m 561.5 630.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 721.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.25 721.28 Td (September) Tj ET Q q 0 0 0 rg BT 496.17 721.28 Td ( 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 707.17 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 707.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 707.17 Td (1) Tj ET Q q 0 0 0 rg BT 516.15 707.17 Td (13,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 693.17 Td (Due to af) Tj ET Q q 0 0 0 rg BT 75.12 693.17 Td (filiates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 693.17 Td (2,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 679.17 Td (Intangible lease liabilities, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 679.17 Td (50,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 665.17 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.15 665.17 Td (24,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 650.27 Td (Notes payable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 650.27 Td (802,481) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 550.20 655.44 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.17 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 636.17 Td (otal liabilities associated with assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 636.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 636.17 Td (994,521) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 608.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 608.10 Td (Includes outstanding liabilities related to the Company) Tj ET Q q 0 0 0 rg BT 293.62 608.10 Td (s Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 401.58 608.10 Td (, which is collateralized by several of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 596.10 Td (the remaining properties and must be repaid after the sale of those properties.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 572.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 79.65 572.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 548.10 Td (Other assets included the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 522.60 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 522.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 522.60 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 522.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 522.60 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 494.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 494.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 494.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 494.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 494.60 92.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 522.6 m 456.5 522.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 522.6 m 562.5 522.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 479.6 m 456.5 479.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 479.6 m 562.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 466.6 m 456.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 464.6 m 456.5 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 466.6 m 562.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 464.6 m 562.5 464.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 527.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.25 527.28 Td (September) Tj ET Q q 0 0 0 rg BT 414.26 527.28 Td ( 30, 2019) Tj ET Q BT /F2 6.50 Tf ET q 0 0 0 rg BT 459.20 532.44 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 527.28 Td (December) Tj ET Q q 0 0 0 rg BT 518.77 527.28 Td ( 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 513.17 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 513.17 Td (2,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 513.17 Td (1,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 499.17 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 499.17 Td (12,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 499.17 Td (12,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 484.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 484.27 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 484.27 Td (341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 470.17 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 470.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 470.17 Td (14,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 470.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 470.17 Td (14,765) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 442.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 442.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 442.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.71 442.10 Td (, with the exception of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.90 442.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 442.10 Td ( related to corporate level activities, these amounts were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (included in other assets within assets held for sale.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 406.10 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 394.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td (Rental payments are generally paid by the tenants prior to the beginning of each month or quarter to which they relate. ) Tj ET Q q 0 0 0 rg BT 532.46 382.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 370.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.70 370.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.29 370.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 266.95 370.10 Td (, the Company recorded liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.07 370.10 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.96 370.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.40 370.10 Td ($15.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.29 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.10 Td (related to prepaid rental payments, which were included in liabilities associated with assets held for sale as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.14 358.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.40 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 346.10 Td (and other liabilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.36 346.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.95 346.10 Td ( in the accompanying Condensed Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 472.09 346.10 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (recognizes rental revenue on a straight-line basis over the life of the lease, including rent holidays, if any) Tj ET Q q 0 0 0 rg BT 454.37 334.10 Td (. Straight-line rent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (receivable was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.63 322.10 Td ($44.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.52 322.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.96 322.10 Td ($44.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.85 322.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.01 322.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.28 322.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.71 322.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.30 322.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 479.96 322.10 Td (. Straight-line rent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (receivable consists of the dif) Tj ET Q q 0 0 0 rg BT 150.22 310.10 Td (ference between the tenants) Tj ET Q q 0 0 0 rg BT 263.58 310.10 Td ( rents calculated on a straight-line basis from the date of acquisition or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (lease commencement over the remaining terms of the related leases and the tenants) Tj ET Q q 0 0 0 rg BT 371.23 298.10 Td ( actual rents due under the lease agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (and is included in assets held for sale as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.73 286.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.00 286.10 Td ( and in tenant and other receivables as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.76 286.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.35 286.10 Td ( in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (accompanying Condensed Consolidated Balance Sheets. Revenues associated with operating expense recoveries are recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.10 Td (the period in which the expenses are incurred based upon the tenant lease provisions. Revenues relating to lease termination fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.10 Td (are recognized on a straight-line basis amortized from the time that a tenant) Tj ET Q q 0 0 0 rg BT 340.88 250.10 Td (s right to occupy the leased space is modified through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (the end of the revised lease term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 214.10 Td (Other revenues consist primarily of parking revenue. Parking revenue represents amounts generated from contractual and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 202.10 Td (transient parking and is recognized in accordance with contractual terms or as services are rendered.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 178.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 90.74 178.10 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 126.38 178.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 184.05 178.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 154.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 147.96 154.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 196.87 154.10 Td (Accounting Standards Update \(ASU\) 2016-02 which requires companies that lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.10 Td (assets to recognize on the balance sheet the right-of-use assets and related lease liabilities \(ASC 842\). ) Tj ET Q q 0 0 0 rg BT 453.17 142.10 Td (The accounting by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.10 Td (companies that own the assets leased by the lessee \(the lessor\) is lar) Tj ET Q q 0 0 0 rg BT 306.85 130.10 Td (gely unchanged from previous GAAP) Tj ET Q q 0 0 0 rg BT 457.38 130.10 Td (. ) Tj ET Q q 0 0 0 rg BT 462.20 130.10 Td (The Company adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (ASC 842 as of January 1, 2019, and is using the modified retrospective approach. No adjustment to opening retained earnings was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 82.10 Td (In July 2018, the F) Tj ET Q q 0 0 0 rg BT 128.54 82.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 177.44 82.10 Td (ASU 2018-1) Tj ET Q q 0 0 0 rg BT 227.90 82.10 Td (1, which allows lessors to account for lease and non-lease components by class of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (underlying assets, as a single lease component if certain criteria are met. ) Tj ET Q q 0 0 0 rg BT 329.50 70.10 Td (Also, the new standard indicates that companies are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (permitted to recognize a cumulative-ef) Tj ET Q q 0 0 0 rg BT 190.75 58.10 Td (fect adjustment to the opening balance of retained earnings in the period of adoption in lieu ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 46.10 Td (of restating prior periods in accordance with ) Tj ET Q q 0 0 0 rg BT 215.11 46.10 Td (ASC 842 and provides other optional practical expedients.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (Upon adoption, the Company elected the following practical expedients:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.10 Td (The transition method in which the application date of January 1, 2019 is the beginning of the reporting period that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.10 Td (Company first applied the new guidance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 682.10 Td (The practical expedient package which allows an entity not to reassess \(1\) whether any expired or existing contracts are or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 670.10 Td (contain leases; \(2\) the lease classification for any expired or existing leases; \(3\) initial direct costs for any existing leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (As an accounting policy election, a lessor may choose not to separate the non-lease components, by class of underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 646.10 Td (assets, from the lease components and instead account for both types of components as a single component under certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 634.10 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 622.10 Td (As an accounting policy election, a lessee may choose not to separate the non-lease components, by class of underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 610.10 Td (assets, from the lease components and instead account for both types of components as a single component. ) Tj ET Q q 0 0 0 rg BT 507.26 610.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 598.10 Td (Company elected to apply the practical expedient for all of its leases to account for the lease and non-lease components as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 586.10 Td (a single, combined operating lease component.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 562.10 Td (The Company completed its evaluation of the impact that the adoption of ) Tj ET Q q 0 0 0 rg BT 348.93 562.10 Td (ASC 842 will have on the Company) Tj ET Q q 0 0 0 rg BT 496.70 562.10 Td (s consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (financial statements relating to its leases from both the lessee and lessor perspective. Based on the Company) Tj ET Q q 0 0 0 rg BT 472.27 550.10 Td (s analysis, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (Company identified the following changes to result from its adoption of ) Tj ET Q q 0 0 0 rg BT 325.67 538.10 Td (ASC 842:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 514.10 Td (Lessor ) Tj ET Q q 0 0 0 rg BT 82.99 514.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 490.10 Td (The Company is entitled to receive tenant reimbursements for operating expenses for common area maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (\(CAM\). Based on guidance in these ) Tj ET Q q 0 0 0 rg BT 226.13 478.10 Td (ASUs, CAM reimbursement revenue is defined as a non-lease component, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 466.10 Td (would be accounted for in accordance with ) Tj ET Q q 0 0 0 rg BT 246.10 466.10 Td (ASC 606. However) Tj ET Q q 0 0 0 rg BT 324.30 466.10 Td (, the Company elected to apply the practical expedient for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.10 Td (all of its leases to account for the lease and non-lease components as a single, combined operating lease component. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 430.10 Td (Capitalization of leasing costs is limited to initial direct costs. Initial direct costs have been defined as incremental costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 418.10 Td (a lease that would not have been incurred if the lease had not been obtained. Legal costs are no longer capitalized, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (expensed as incurred. ) Tj ET Q q 0 0 0 rg BT 160.67 406.10 Td (There is no change in the Company) Tj ET Q q 0 0 0 rg BT 305.63 406.10 Td (s accounting for lease inducements and commissions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 382.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 382.10 Td (s existing leases continue to be classified as operating leases, however) Tj ET Q q 0 0 0 rg BT 412.06 382.10 Td (, leases entered into or modified after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 370.10 Td (January 1, 2019 may be classified as either operating or sales-type leases, based on specific classification criteria. ) Tj ET Q q 0 0 0 rg BT 528.32 370.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 358.10 Td (Company believes all of its leases will continue to be classified as operating leases, and all operating leases will continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 346.10 Td (to have a similar pattern of recognition as under current GAAP) Tj ET Q q 0 0 0 rg BT 323.04 346.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 322.10 Td (Lessee ) Tj ET Q q 0 0 0 rg BT 82.98 322.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 298.10 Td (The Company has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.26 298.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.26 298.10 Td ( ground lease agreements in which the Company is the lessee for land underneath 25 Cabot Square. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 286.10 Td (The Company previously recognized an amount related to these ground leases as part of the allocation of the purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 274.10 Td (price of 25 Cabot Square, which was recorded to intangible lease assets, net. ) Tj ET Q q 0 0 0 rg BT 380.06 274.10 Td (The leases have remaining terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.45 274.10 Td (198 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 262.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.10 262.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.54 262.10 Td (973 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.14 262.10 Td (. Upon adoption of ) Tj ET Q q 0 0 0 rg BT 231.13 262.10 Td (ASC 842 on January 1, 2019, the Company reclassified approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.08 262.10 Td (58.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 250.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.89 250.10 Td ( \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.98 250.10 Td ($74.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.87 250.10 Td ( converted using an exchange rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.97 250.10 Td ($1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.47 250.10 Td ( per GBP) Tj ET Q q 0 0 0 rg BT 429.32 250.10 Td ( on January 1, 2019\) from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 238.10 Td (intangible lease assets, net to right-of-use asset in the Company) Tj ET Q q 0 0 0 rg BT 328.61 238.10 Td (s Condensed Consolidated Balance Sheet. ) Tj ET Q q 0 0 0 rg BT 501.08 238.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 226.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.26 226.10 Td (, the remaining balance was included as a right-of-use asset within assets held for sale. No lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 214.10 Td (liability was recorded since the payments required under the lease are immaterial.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 190.10 Td (The Company has a ground lease agreement in which the Company is the lessee for land underneath New City that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 178.10 Td (currently accounted for as an operating lease. ) Tj ET Q q 0 0 0 rg BT 255.62 178.10 Td (The lease currently ends in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.86 178.10 Td (December2089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.44 178.10 Td ( and has fixed payments. ) Tj ET Q q 0 0 0 rg BT 533.40 178.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 166.10 Td (rental expense associated with this lease was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.33 166.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.22 166.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.66 166.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.55 166.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.93 166.10 Td (nine months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.73 166.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 154.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 154.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.94 154.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.94 154.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 186.60 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.92 154.10 Td (The Company previously recognized an amount related to this ground lease as part of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 142.10 Td (allocation of the purchase price of New City) Tj ET Q q 0 0 0 rg BT 248.79 142.10 Td (, which was recorded to intangible lease assets, net. Upon adoption of ) Tj ET Q q 0 0 0 rg BT 529.55 142.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 130.10 Td (842 on January 1, 2019, the Company recorded a right-of-use asset and lease liability of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.88 130.10 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.77 130.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 118.10 Td (right-of-use asset, net and other liabilities, respectively) Tj ET Q q 0 0 0 rg BT 290.73 118.10 Td (, in the Company) Tj ET Q q 0 0 0 rg BT 362.39 118.10 Td (s Condensed Consolidated Balance Sheets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 106.10 Td (reclassified an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.46 106.10 Td (65.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.35 106.10 Td ( Polish zloty \(PLN\) \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.38 106.10 Td ($17.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.27 106.10 Td ( converted using an exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 94.10 Td (rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.32 94.10 Td ($0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.82 94.10 Td ( per PLN on January 1, 2019\) from intangible lease assets, net to right-of-use asset in the Company) Tj ET Q q 0 0 0 rg BT 522.45 94.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 82.10 Td (Condensed Consolidated Balance Sheet. ) Tj ET Q q 0 0 0 rg BT 238.08 82.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.52 82.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.79 82.10 Td (, the remaining balances were included as a right-of-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 70.10 Td (use asset within assets held for sale and in other liabilities within liabilities associated with assets held for sale.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 131.71 742.10 Td (s estimate of the amount of the right-of-use asset and lease liability included assumptions for the discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 730.10 Td (rate, which is based on the incremental borrowing rate of the lease contract. ) Tj ET Q q 0 0 0 rg BT 376.98 730.10 Td (The incremental borrowing rate is the rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 718.10 Td (interest that a lessee would have to pay to borrow on a collateralized basis over a term similar to the lease. Since the term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.10 Td (of the New City ground lease is much longer than a typical borrowing, we derived the incremental borrowing rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.10 Td (6.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.83 694.10 Td (, as the spread in a current financing quote for the property plus the applicable base rate corresponding to the longest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 682.10 Td (term available in the base rate market. ) Tj ET Q q 0 0 0 rg BT 228.88 682.10 Td (A) Tj ET Q q 0 0 0 rg BT 235.54 682.10 Td ( reconciliation of our lease liabilities on an undiscounted cash flow basis for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 670.10 Td (ground lease at New City as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.80 670.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.06 670.10 Td (, for the period from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.93 670.10 Td (October 1, 2019 through December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.33 670.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 658.10 Td (for each of the years ending December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.42 658.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.42 658.10 Td ( through December 31, 2024 are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 620.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 620.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 592.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 592.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 564.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 564.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 536.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 536.60 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 508.60 398.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 508.60 110.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 620.6 m 561.5 620.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 620.6 m 561.5 620.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 522.6 m 561.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 509.6 m 561.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 507.6 m 561.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 493.6 m 561.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 493.6 m 561.5 493.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 480.6 m 561.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 478.6 m 561.5 478.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 625.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.70 625.28 Td (Lease Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 611.17 Td (October 1, 2019 through December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 611.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 611.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 597.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 597.17 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 583.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 583.17 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 569.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 569.17 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 555.17 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 555.17 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 541.17 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 541.17 Td (222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 527.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 527.17 Td (14,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 513.17 Td (T) Tj ET Q q 0 0 0 rg BT 61.41 513.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 513.17 Td (15,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 498.27 Td (Lease liabilities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 121.53 502.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 498.27 Td (3,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 484.17 Td (Undiscounted excess amount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 484.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 484.17 Td (12,123) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 456.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 67.61 456.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.05 456.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.32 456.10 Td (, these amounts were included in other liabilities within liabilities associated with assets held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 444.10 Td (sale.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 420.10 Td (New ) Tj ET Q q 0 0 0 rg BT 74.10 420.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 131.77 420.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 396.10 Td (In ) Tj ET Q q 0 0 0 rg BT 64.28 396.10 Td (August 2018, the F) Tj ET Q q 0 0 0 rg BT 140.21 396.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 189.11 396.10 Td (ASU No. 2018-13, "Changes to the Disclosure Requirements for Fair ) Tj ET Q q 0 0 0 rg BT 469.08 396.10 Td (V) Tj ET Q q 0 0 0 rg BT 475.19 396.10 Td (alue Measurement." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 384.10 Td (This ) Tj ET Q q 0 0 0 rg BT 55.73 384.10 Td (ASU amends and removes several disclosure requirements including the valuation processes for Level 3 fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 372.10 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 98.02 372.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.52 372.10 Td (ASU also modifies some disclosure requirements and requires additional disclosures for changes in unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 360.10 Td (gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and requires the range and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 348.10 Td (weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. ) Tj ET Q q 0 0 0 rg BT 447.63 348.10 Td (The ) Tj ET Q q 0 0 0 rg BT 465.12 348.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 504.38 348.10 Td (fective for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 336.10 Td (fiscal years beginning after December 15, 2019,including interim periods therein. Early adoption is permitted for any eliminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 324.10 Td (or modifieddisclosures upon issuance of this ) Tj ET Q q 0 0 0 rg BT 218.48 324.10 Td (ASU. ) Tj ET Q q 0 0 0 rg BT 243.30 324.10 Td (The Company does not expect this new guidance to have a material impact on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 312.10 Td (its financial statements upon adoption.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 24.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 24.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (3. INVESTMENT) Tj ET Q q 0 0 0 rg BT 113.06 749.25 Td ( PROPER) Tj ET Q q 0 0 0 rg BT 156.31 749.25 Td (TY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (Investment property consisted of the following amounts as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.01 725.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.27 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.71 725.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.29 725.25 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 687.75 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 687.75 99.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 687.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 687.75 99.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 658.75 329.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 658.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 658.75 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 658.75 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 630.75 329.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 630.75 99.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 630.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 630.75 99.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 687.75 m 464.5 687.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 687.75 m 576.5 687.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 687.75 m 464.5 687.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 687.75 m 576.5 687.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 658.75 m 464.5 658.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 658.75 m 576.5 658.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 630.75 m 464.5 630.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 630.75 m 576.5 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 616.75 m 464.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 614.75 m 464.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 616.75 m 576.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 614.75 m 576.5 614.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 692.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.75 692.43 Td (September) Tj ET Q q 0 0 0 rg BT 418.76 692.43 Td ( 30, 2019) Tj ET Q BT /F2 5.20 Tf ET q 0 0 0 rg BT 467.45 696.09 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 692.43 Td (December) Tj ET Q q 0 0 0 rg BT 529.27 692.43 Td ( 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 677.42 Td (Buildings and improvements ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 157.05 681.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 677.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 677.42 Td (1,214,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 677.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 677.42 Td (1,475,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 663.32 Td (Less: accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.80 663.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 433.13 663.37 Td (17,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 663.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 663.32 Td (\(172,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 663.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 649.32 Td (Buildings and improvements, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 649.32 Td (1,096,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 649.32 Td (1,302,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 635.32 Td (Land) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 635.32 Td (381,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 635.32 Td (467,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 620.42 Td (Investment property) Tj ET Q q 0 0 0 rg BT 119.16 620.42 Td (, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 620.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 620.42 Td (1,478,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 620.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 620.42 Td (1,769,955) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 592.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 592.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 592.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.71 592.25 Td (, these amounts were included in assets held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 568.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 568.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 568.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.71 568.25 Td (, buildings and improvements included approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.28 568.25 Td ($33.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.17 568.25 Td ( of construction-in-progress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 556.25 Td (related to the Company) Tj ET Q q 0 0 0 rg BT 168.36 556.25 Td (s development at Summit III. In 2019, the Company commenced construction of Summit III, a new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 544.25 Td (374,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.50 544.25 Td ( square foot building at the Summit property) Tj ET Q q 0 0 0 rg BT 281.88 544.25 Td (. ) Tj ET Q q 0 0 0 rg BT 289.20 544.25 Td (The of) Tj ET Q q 0 0 0 rg BT 315.39 544.25 Td (fice space has been fully pre-leased to a single tenant. ) Tj ET Q q 0 0 0 rg BT 535.12 544.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 532.25 Td (construction project is expected to be completed in 2020.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 508.25 Td (Recent Dispositions of Real Estate Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 484.25 Td (In January 2019, the Company completed the sale of 55M Street for a contract sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.55 484.25 Td ($135.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.44 484.25 Td (. ) Tj ET Q q 0 0 0 rg BT 491.76 484.25 Td (The Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 472.25 Td (recognized a gain on sale of this asset of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.11 472.25 Td ($17.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 472.25 Td ( net ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 271.22 479.18 274.91 -9.09 re f /GS0 gs q 0 0 0 rg BT 271.22 472.25 Td (of disposition fees, which was recorded in gain on sale of real estate ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 467.18 426.03 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 460.25 Td (investments on the Condensed Consolidated Statements of Operations and Comprehensive Income \(Loss\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 436.25 Td (In February 2019, the Company completed the sale of 550 ) Tj ET Q q 0 0 0 rg BT 289.60 436.25 Td (T) Tj ET Q q 0 0 0 rg BT 295.01 436.25 Td (erry Francois for a contract sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.60 436.25 Td ($342.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.49 436.25 Td (. ) Tj ET Q q 0 0 0 rg BT 527.81 436.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 424.25 Td (Company recognized a gain on sale of this asset of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 424.25 Td ($175.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.39 424.25 Td ( n) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 307.89 431.18 259.37 -9.09 re f /GS0 gs q 0 0 0 rg BT 307.89 424.25 Td (et of disposition fees, which was recorded in gain on sale of real ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 36.00 419.18 451.29 -9.09 re f /GS0 gs q 0 0 0 rg BT 36.00 412.25 Td (estate investments on the Condensed Consolidated Statements of Operations and Comprehensive Income \(Loss\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 388.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 388.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 388.25 Td (, the cost basis and accumulated amortization related to lease intangibles were as follows \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 376.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 309.75 295.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 309.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 309.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 309.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 309.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 309.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 281.75 295.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 281.75 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 281.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 281.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 281.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 281.75 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 339.75 m 416.5 339.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 339.75 m 420.5 339.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 339.75 m 496.5 339.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 339.75 m 500.5 339.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 339.75 m 576.5 339.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 309.75 m 416.5 309.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 309.75 m 496.5 309.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 309.75 m 576.5 309.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 309.75 m 416.5 309.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 309.75 m 496.5 309.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 309.75 m 576.5 309.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 281.75 m 416.5 281.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 281.75 m 496.5 281.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 281.75 m 576.5 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 268.75 m 416.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 266.75 m 416.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 268.75 m 496.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 266.75 m 496.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 268.75 m 576.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 266.75 m 576.5 266.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 344.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.05 344.43 Td (Lease Intangibles ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 488.28 348.96 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 329.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 314.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.50 314.42 Td (In-Place Leases ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 405.38 318.95 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.05 324.43 Td (Out-of-Market) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.45 314.43 Td (Lease ) Tj ET Q q 0 0 0 rg BT 457.84 314.43 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.05 324.43 Td (Out-of-Market) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.10 314.43 Td (Lease Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 314.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 300.32 Td (Cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 300.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 300.32 Td (250,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 300.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 300.32 Td (22,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 300.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 300.32 Td (\(88,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 300.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 286.32 Td (Less: accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 286.37 Td (\(151,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 286.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 286.37 Td (\(15,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 286.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 286.32 Td (37,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 272.32 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 272.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 272.32 Td (99,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 272.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 272.32 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 272.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 272.32 Td (\(50,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 272.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 244.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 244.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 244.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.71 244.25 Td (, these amounts were included in assets held for sale and liabilities associated with assets held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 232.25 Td (sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 208.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 208.25 Td (The Company adopted ) Tj ET Q q 0 0 0 rg BT 165.04 208.25 Td (ASC 842 beginning January 1, 2019 and reclassified certain assets from intangible lease assets, net to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 196.25 Td (right-of-use asset, net in the Company) Tj ET Q q 0 0 0 rg BT 227.52 196.25 Td (s Condensed Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 404.26 196.25 Td (The amounts reclassified from intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 184.25 Td (lease assets included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.25 184.25 Td ($93.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.14 184.25 Td ( in gross cost, net of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.19 184.25 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.08 184.25 Td ( of accumulated amortization. See Note 2 Summary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 172.25 Td (of Significant ) Tj ET Q q 0 0 0 rg BT 128.66 172.25 Td (Accounting Policies for more information on the adoption of ) Tj ET Q q 0 0 0 rg BT 378.33 172.25 Td (ASC 842. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 148.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 148.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.03 148.25 Td (, the cost basis and accumulated amortization related to lease intangibles were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 81.75 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 81.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 81.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 81.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 81.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 81.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 53.75 304.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 53.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 53.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 53.75 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 53.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 53.75 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 111.75 m 416.5 111.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 111.75 m 420.5 111.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 111.75 m 496.5 111.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 111.75 m 500.5 111.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 111.75 m 576.5 111.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 81.75 m 416.5 81.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 81.75 m 496.5 81.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 81.75 m 576.5 81.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 81.75 m 416.5 81.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 81.75 m 496.5 81.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 81.75 m 576.5 81.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 53.75 m 416.5 53.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 53.75 m 496.5 53.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 53.75 m 576.5 53.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 40.75 m 416.5 40.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 38.75 m 416.5 38.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 40.75 m 496.5 40.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 38.75 m 496.5 38.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 40.75 m 576.5 40.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 38.75 m 576.5 38.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 116.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.60 116.43 Td (Lease Intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 101.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 101.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.05 96.43 Td (Out-of-Market) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.45 86.43 Td (Lease ) Tj ET Q q 0 0 0 rg BT 457.84 86.43 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.05 96.43 Td (Out-of-Market) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.10 86.43 Td (Lease Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 86.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 86.43 Td (In-Place Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 72.32 Td (Cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 72.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 72.32 Td (404,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 72.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 72.32 Td (26,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 72.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 72.32 Td (\(99,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 72.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 58.32 Td (Less: accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.80 58.37 Td (\(187,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 58.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 58.37 Td (\(16,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 58.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 58.32 Td (43,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 44.32 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.00 44.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 44.32 Td (217,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 44.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 44.32 Td (9,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 44.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 44.32 Td (\(55,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 44.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td (Amortization expense of in-place leases was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.49 737.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.38 737.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.82 737.10 Td ($10.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.71 737.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.09 737.10 Td (three months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.66 737.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.16 737.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.16 737.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 725.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 108.66 725.10 Td (. Net amortization of out-of-market leases resulted in increases to rental revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.97 725.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.86 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 725.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.19 725.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.72 713.10 Td (three months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.29 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.79 713.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.79 713.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.23 713.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.23 713.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 303.89 713.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (Amortization expense of in-place leases was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.49 689.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.38 689.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.82 689.10 Td ($43.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.71 689.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.09 689.10 Td (nine months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.89 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.39 689.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.39 689.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 677.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 108.66 677.10 Td (. Net amortization of out-of-market leases resulted in increases to rental revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.97 677.10 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.86 677.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.30 677.10 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.19 677.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.72 665.10 Td (nine months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.52 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.02 665.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.02 665.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.46 665.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.46 665.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 301.12 665.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td ( Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 113.71 617.10 Td (s leases are generally for terms of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.60 617.10 Td (15 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.20 617.10 Td (or less and may include multiple options to extend the lease term upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (tenant election. ) Tj ET Q q 0 0 0 rg BT 99.40 605.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 159.12 605.10 Td (s leases typically do not include an option to purchase. Generally) Tj ET Q q 0 0 0 rg BT 418.67 605.10 Td (, the Company does not expect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (value of its real estate assets to be impacted materially at the end of any individual lease term, as the Company is typically able to re-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (lease the space and real estate assets tend to hold their value over a long period of time. ) Tj ET Q q 0 0 0 rg BT 387.64 581.10 Td (T) Tj ET Q q 0 0 0 rg BT 393.05 581.10 Td (enant terminations prior to the lease end date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (occasionally result in a one-time termination fee based on the remaining unpaid lease payments including variable payments and could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (be material to the tenant. Many of the Company) Tj ET Q q 0 0 0 rg BT 230.67 557.10 Td (s leases have increasing minimum rental rates during the terms of the leases through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (escalation provisions. In addition, the majority of the Company) Tj ET Q q 0 0 0 rg BT 292.06 545.10 Td (s leases provide for separate billings for variable rent, such as, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (reimbursements of real estate taxes, maintenance and insurance and may include an amount based on a percentage of the tenants) Tj ET Q q 0 0 0 rg BT 552.27 533.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 62.76 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.17 521.10 Td (otal billings related to expense reimbursements from tenants for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.87 521.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.51 521.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.33 521.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.60 521.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td ($12.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.89 509.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 509.10 Td ($37.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.22 509.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 215.88 509.10 Td (, which is included in rental revenue on the Condensed Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (Operations and Comprehensive Income \(Loss\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (The Company has entered into non-cancelable lease agreements with tenants for space. ) Tj ET Q q 0 0 0 rg BT 407.20 473.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.64 473.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.91 473.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (approximate fixed future minimum rentals for the period from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.31 461.10 Td (October 1, 2019 through December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.71 461.10 Td (, for each of the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (ending December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.30 449.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.30 449.10 Td ( through December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.99 449.10 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.99 449.10 Td ( and for the period thereafter are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 402.60 425.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 402.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 374.60 425.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 374.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 346.60 425.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 346.60 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 318.60 425.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 318.60 115.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 402.6 m 576.5 402.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 402.6 m 576.5 402.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 304.6 m 576.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 291.6 m 576.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 289.6 m 576.5 289.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 407.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.00 417.28 Td (Fixed Futur) Tj ET Q q 0 0 0 rg BT 519.21 417.28 Td (e Minimum ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.35 407.28 Td (Rentals ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 532.07 411.81 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 393.17 Td (October 1, 2019 through December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 393.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 393.17 Td (34,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 379.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 379.17 Td (134,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 365.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 365.17 Td (143,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 351.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 351.17 Td (136,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 337.17 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 337.17 Td (122,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 323.17 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 323.17 Td (1) Tj ET Q q 0 0 0 rg BT 545.15 323.17 Td (10,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 309.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 309.17 Td (778,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 295.17 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 295.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 295.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 295.17 Td (1,461,392) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 267.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 67.61 267.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.05 267.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.32 267.10 Td (, these amounts were related to assets classified as held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 243.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.55 243.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.09 243.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.59 243.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 243.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.29 243.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.29 243.10 Td (, the Company did not earn more than 10% of its total rental revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 231.10 Td (from any individual tenant. ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (4. DEBT) Tj ET Q q 0 0 0 rg BT 73.05 749.25 Td ( FINANCING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 725.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.15 725.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.73 725.25 Td (, the Company had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.03 725.25 Td ($803.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.92 725.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.36 725.25 Td ($678.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.25 725.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (principal outstanding, respectively) Tj ET Q q 0 0 0 rg BT 173.37 713.25 Td (, with a weighted average years to maturity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.41 713.25 Td (0.6 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.51 713.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.95 713.25 Td (0.9 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.05 713.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 503.71 713.25 Td (, and a weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (average interest rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.83 701.25 Td (3.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.66 701.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.10 701.25 Td (3.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.93 701.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 243.59 701.25 Td (. ) Tj ET Q q 0 0 0 rg BT 250.91 701.25 Td (The following table describes the Company) Tj ET Q q 0 0 0 rg BT 428.37 701.25 Td (s debt outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.36 701.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 689.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.44 689.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.02 689.25 Td ( \(in thousands, except percentages\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 638.75 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 638.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 638.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 638.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 638.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 638.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 638.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 638.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 638.75 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 638.75 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 638.75 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 638.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 638.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 598.75 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 598.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 598.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 598.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 598.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 598.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 598.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 598.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 598.75 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 598.75 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 598.75 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 598.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 598.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 572.75 112.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 572.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 572.75 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 572.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 572.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 572.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 572.75 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 572.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 572.75 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 572.75 12.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 572.75 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 572.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 572.75 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 538.75 112.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 538.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 538.75 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 538.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 538.75 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 538.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 538.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 538.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 538.75 69.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 538.75 12.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 538.75 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 538.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 538.75 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 504.75 112.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 148.50 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 504.75 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 504.75 43.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 504.75 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 504.75 69.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 504.75 12.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 504.75 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 504.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 504.75 67.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 651.75 m 148.5 651.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 651.75 m 206.5 651.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 651.75 m 253.5 651.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 651.75 m 313.5 651.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 651.75 m 386.5 651.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 651.75 m 487.5 651.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 651.75 m 558.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 517.75 m 487.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 517.75 m 558.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 483.75 m 487.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 483.75 m 558.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 470.75 m 487.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 470.75 m 558.5 470.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 655.98 Td (Description) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 155.80 670.87 Td (Origination or) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 159.80 663.37 Td (Assumption) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 171.50 655.87 Td (Date) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 216.90 663.37 Td (Maturity) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 224.00 655.87 Td (Date) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 264.10 663.37 Td (Inter) Tj ET Q q 0 0 0 rg BT 280.28 663.37 Td (est Rate) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 266.45 655.87 Td (Description) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 322.30 663.37 Td (Inter) Tj ET Q q 0 0 0 rg BT 338.41 663.37 Td (est Rate as of ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 320.20 655.87 Td (September) Tj ET Q q 0 0 0 rg BT 354.64 655.87 Td ( 30, 2019) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 389.00 655.87 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 402.70 663.37 Td (Principal Outstanding at ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 407.40 655.87 Td (September) Tj ET Q q 0 0 0 rg BT 441.84 655.87 Td ( 30, 2019 ) Tj ET Q BT /F2 7.50 Tf ET BT /F2 4.87 Tf ET q 0 0 0 rg BT 471.84 659.27 Td (\(1\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 509.70 670.87 Td (Principal) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 500.40 663.37 Td (Outstanding at) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 494.25 655.87 Td (December) Tj ET Q q 0 0 0 rg BT 526.60 655.87 Td ( 31, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 642.98 Td (Secur) Tj ET Q q 0 0 0 rg BT 58.48 642.98 Td (ed Mortgage Debt) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 179.00 642.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 231.50 642.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 320.00 642.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 389.00 642.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 401.00 642.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 494.00 642.90 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 630.00 Td (Minneapolis Retail Center) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 165.65 629.90 Td (8/2/2012) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 216.25 629.90 Td (8/10/2019) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 276.45 629.90 Td (Fixed) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 368.60 629.90 Td ( N/A) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 401.00 629.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 477.00 629.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 494.00 629.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 534.85 629.90 Td (65,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 603.00 Td (New City) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 163.75 602.90 Td (3/28/2013) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 216.25 602.90 Td (3/18/2021) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 260.00 617.90 Td (V) Tj ET Q q 0 0 0 rg BT 265.00 617.90 Td (ariable, subject) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 263.50 610.40 Td (to interest rate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 279.75 602.90 Td (cap) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 366.60 602.90 Td (2.30) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.75 602.90 Td (%) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.85 602.90 Td (69,921) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 534.85 602.90 Td (74,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 590.00 Td (Perspective Dfense) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 163.75 589.90 Td (6/21/2013) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 216.25 589.90 Td (7/25/2020) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.50 589.90 Td (V) Tj ET Q q 0 0 0 rg BT 277.50 589.90 Td (ariable) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 366.60 589.90 Td (2.13) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.75 589.90 Td (%) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 463.85 589.90 Td (76,412) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 534.85 589.90 Td (80,108) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 577.00 Td (25 Cabot Square) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 163.75 576.90 Td (3/26/2014) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 216.25 576.90 Td (3/26/2020) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 276.45 576.90 Td (Fixed) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 366.60 576.90 Td (3.50) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.75 576.90 Td (%) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 460.10 576.90 Td (152,188) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 531.10 576.90 Td (157,583) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 39.00 563.98 Td (Other) Tj ET Q q 0 0 0 rg BT 59.29 563.98 Td ( Notes Payable) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 179.00 563.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 231.50 563.90 Td () Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 383.00 563.90 Td () Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 401.00 563.90 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 494.00 563.90 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 551.00 Td (JPMor) Tj ET Q q 0 0 0 rg BT 60.27 551.00 Td (gan Chase Revolving) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 543.00 Td (Credit Facility - Revolving Loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 163.75 542.90 Td (4/13/2012) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 218.15 542.90 Td (3/4/2020) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.50 542.90 Td (V) Tj ET Q q 0 0 0 rg BT 277.50 542.90 Td (ariable) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 366.60 542.90 Td (3.56) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.75 542.90 Td (%) Tj ET Q BT /F1 4.87 Tf ET q 0 0 0 rg BT 389.00 546.74 Td (\(3\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 460.10 542.90 Td (280,000) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 548.00 542.90 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 530.00 Td (JPMor) Tj ET Q q 0 0 0 rg BT 60.20 530.00 Td (gan Chase Revolving) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 522.00 Td (Credit Facility - ) Tj ET Q q 0 0 0 rg BT 91.96 522.00 Td (T) Tj ET Q q 0 0 0 rg BT 96.29 522.00 Td (erm Loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 163.75 521.90 Td (5/22/2013) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 218.15 521.90 Td (3/4/2020) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.50 521.90 Td (V) Tj ET Q q 0 0 0 rg BT 277.08 521.90 Td (ariable) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 366.60 521.90 Td (3.49) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.75 521.90 Td (%) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 460.10 521.90 Td (225,000) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 531.10 521.90 Td (300,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.00 508.98 Td (T) Tj ET Q q 0 0 0 rg BT 49.97 508.98 Td (otal Principal Outstanding) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 231.50 508.90 Td () Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 320.00 508.90 Td () Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 401.00 508.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 460.10 508.90 Td (803,521) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 494.00 508.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 531.10 508.90 Td (678,052) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 496.00 Td (Unamortized Deferred ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 488.00 Td (Financing Costs) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 90.78 491.63 Td (\(2\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 401.00 487.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 465.10 487.90 Td (\(1,040) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 484.50 487.90 Td (\)) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 494.00 487.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 536.10 487.90 Td (\(1,285) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 555.50 487.90 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 45.00 474.98 Td (Notes Payable, net) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 231.50 474.90 Td () Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 320.00 474.90 Td () Tj ET Q BT /F1 7.50 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 401.00 474.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 460.10 474.90 Td (802,481) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 494.00 474.90 Td ($) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 531.10 474.90 Td (676,767) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 447.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 447.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 447.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.71 447.25 Td (, these amounts were included in liabilities associated with assets held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 423.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 423.25 Td (Includes unamortized deferred financing costs related to the secured mortgage debt and the term loan commitment of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 411.25 Td (JPMor) Tj ET Q q 0 0 0 rg BT 62.49 411.25 Td (gan Chase Revolving Credit Facility \(as defined below\). Unamortized deferred financing costs related to the revolving loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 399.25 Td (commitment of the JPMor) Tj ET Q q 0 0 0 rg BT 141.09 399.25 Td (gan Chase Revolving Credit Facility were included in assets held for sale as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.23 399.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.50 399.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 375.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 375.25 Td (Represents the weighted average interest rate as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.91 375.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.18 375.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 351.25 Td (The variable-rate debt has interest rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.91 351.25 Td (the LIBOR or EURIBOR screen rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.37 351.25 Td ( plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.04 351.25 Td (1.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.87 351.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 351.25 Td (2.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.48 351.25 Td ( per annum. ) Tj ET Q q 0 0 0 rg BT 554.41 351.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 339.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.83 339.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.09 339.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.09 339.25 Td ($55.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.99 339.25 Td ( of one of the Company) Tj ET Q q 0 0 0 rg BT 283.47 339.25 Td (s variable-rate loans was capped at a strike rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.04 339.25 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.87 339.25 Td (. ) Tj ET Q q 0 0 0 rg BT 517.82 339.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 567.72 339.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 327.25 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.66 327.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.24 327.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.24 327.25 Td ($140.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.14 327.25 Td ( of our variable rate debt was capped at strike rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.86 327.25 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.69 327.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.47 327.25 Td (2.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.30 327.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 303.25 Td (JPMor) Tj ET Q q 0 0 0 rg BT 81.40 303.25 Td (gan Chase Revolving Cr) Tj ET Q q 0 0 0 rg BT 179.07 303.25 Td (edit Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 279.25 Td (In ) Tj ET Q q 0 0 0 rg BT 64.28 279.25 Td (April 2012, the Operating Partnership entered into a credit agreement with JPMor) Tj ET Q q 0 0 0 rg BT 391.23 279.25 Td (gan Chase Bank, N.A. \(the Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 267.25 Td (Agreement\), as administrative agent for itself and various lenders named in the Credit ) Tj ET Q q 0 0 0 rg BT 385.89 267.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 437.63 267.25 Td (The Company refers to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 255.25 Td (revolving loan commitment \(the Revolving Loan Commitment\) and term loan commitment \(the T) Tj ET Q q 0 0 0 rg BT 440.76 255.25 Td (erm Loan Commitment\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 243.25 Td (collectively as the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 216.69 243.25 Td (. ) Tj ET Q q 0 0 0 rg BT 228.08 243.25 Td (As amended in June 2015, the borrowings may be denominated in U.S. dollars, British ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 231.25 Td (pound sterling, Euros, ) Tj ET Q q 0 0 0 rg BT 126.27 231.25 Td (Australian dollars or Canadian dollars with up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.01 231.25 Td ($920.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.90 231.25 Td ( maximum amount available under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 219.25 Td (Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 137.56 219.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 195.25 Td (In March 2019, the Company entered into an amendment to its Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 409.39 195.25 Td (, which resulted in the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 183.25 Td (changes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 159.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 159.25 Td (a decrease in total commitments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.62 159.25 Td ($725.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.51 159.25 Td (, including a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.72 159.25 Td ($225.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.62 159.25 Td ( reduction of the ) Tj ET Q q 0 0 0 rg BT 451.75 159.25 Td (T) Tj ET Q q 0 0 0 rg BT 457.16 159.25 Td (erm Loan Commitment, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 147.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.94 147.25 Td ($500.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.83 147.25 Td ( reduction of the amount available under the Revolving Loan Commitment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 132.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 132.25 Td (extended the maturity date to March 4, 2020, subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.83 132.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.81 132.25 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 132.25 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.47 132.25 Td (-month extensions at the Company) Tj ET Q q 0 0 0 rg BT 514.68 132.25 Td (s option and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 120.25 Td (subject to the satisfaction of certain conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 93.25 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.55 93.25 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.09 93.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.59 93.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 93.25 Td (, the Company made draws of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.58 93.25 Td ($280.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.47 93.25 Td ( and payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 81.25 Td ($75.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.89 81.25 Td ( on the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 221.17 81.25 Td (. From ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.84 81.25 Td (October 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.05 81.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.55 81.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.55 81.25 Td ( through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.66 81.25 Td (November14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.36 81.25 Td (, the Company made additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 69.25 Td (borrowings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.88 69.25 Td ($18.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.77 69.25 Td ( under the Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 292.82 69.25 Td (, resulting in an outstanding principal balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 69.25 Td ($523.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.49 69.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 57.25 Td (November14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.71 57.25 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (14) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (Financial Covenants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.10 Td (The Company's mortgage agreements and other loan documents for the debt described in the table above contain customary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (events of default, with corresponding grace periods, including payment defaults, cross-defaults to other agreements and bankruptcy-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (related defaults, and customary covenants, including limitations on liens and indebtedness and maintenance of certain financial ratios. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (In addition, the Company has executed customary recourse carve-out guarantees of certain obligations under its mortgage agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (and the other loan documents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.24 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.06 677.10 Td (The Company is not aware of any instances of noncompliance with financial covenants as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (September 30, 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.26 665.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (Principal Payments on Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (The Companyis requiredto make the following principal payments on its outstanding notes payable for period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.85 617.10 Td (October 1, 2019 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (through December 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.19 605.10 Td (, and each of the years ending December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.39 605.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.39 605.10 Td ( through December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.08 605.10 Td (2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.08 605.10 Td ( and for the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (thereafter \(amounts are in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 530.60 139.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 175.50 530.60 111.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 530.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 530.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 530.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 530.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 530.60 5.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 530.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 530.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 530.60 53.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 530.60 8.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 530.60 53.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 555.6 m 286.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 555.6 m 290.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 555.6 m 343.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 555.6 m 347.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 555.6 m 400.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 555.6 m 405.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 555.6 m 458.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 555.6 m 462.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 555.6 m 515.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 555.6 m 523.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 555.6 m 576.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 555.6 m 286.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 530.6 m 286.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 555.6 m 343.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 530.6 m 343.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 555.6 m 400.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 530.6 m 400.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 555.6 m 458.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 530.6 m 458.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 555.6 m 515.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 530.6 m 515.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 555.6 m 576.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 530.6 m 576.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 175.5 530.6 m 286.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 530.6 m 343.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 530.6 m 400.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 530.6 m 458.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 530.6 m 515.5 530.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 530.6 m 576.5 530.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 560.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.10 560.28 Td (Payments due by ) Tj ET Q q 0 0 0 rg BT 403.20 560.28 Td (Y) Tj ET Q q 0 0 0 rg BT 409.68 560.28 Td (ear) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 535.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.45 545.28 Td (October) Tj ET Q q 0 0 0 rg BT 213.25 545.28 Td ( 1, 2019 thr) Tj ET Q q 0 0 0 rg BT 261.40 545.28 Td (ough ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.15 535.28 Td (December) Tj ET Q q 0 0 0 rg BT 233.28 535.28 Td ( 31, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.50 535.28 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.50 535.28 Td (2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.50 535.28 Td (2022) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.50 535.28 Td (2023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 535.28 Td (Ther) Tj ET Q q 0 0 0 rg BT 547.53 535.28 Td (eafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 519.27 Td (Principal payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 519.27 Td (549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.10 519.27 Td (735,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 519.27 Td (67,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 519.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 491.10 Td (5.DISTRIBUTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 467.10 Td (The Company declared distributions for the months of January 2018 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.66 467.10 Td (December 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.25 467.10 Td ( at an amount equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.33 467.10 Td ($0.0541667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.83 467.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 455.10 Td (per share, per month \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.02 455.10 Td ($0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.52 455.10 Td ( per share on an annualized basis\). ) Tj ET Q q 0 0 0 rg BT 288.42 455.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.46 455.10 Td ($0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.96 455.10 Td ( per share of these distributions were designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 443.10 Td (as a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 207.98 443.10 Td ( invested capital as described further below) Tj ET Q q 0 0 0 rg BT 380.60 443.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 419.10 Td (From January 2018 through February 2019, the Company paid aggregate return of capital distributions \(Return of Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 407.10 Td (Distributions\) to stockholders totaling approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.13 407.10 Td ($4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.63 407.10 Td ( per share, which represented a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 558.17 407.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 395.10 Td (invested capital. ) Tj ET Q q 0 0 0 rg BT 105.79 395.10 Td (These Return of Capital Distributions were made up of the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 371.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 371.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.94 371.10 Td ($1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.44 371.10 Td ( per share special distribution \(the Special Distribution\) declared to all stockholders of record as of December 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 359.10 Td (2017 and paid in January 2018. ) Tj ET Q q 0 0 0 rg BT 202.35 359.10 Td (The Special Distribution was funded with a portion of the net proceeds received from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 347.10 Td (strategic sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 347.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.92 347.10 Td ( assets during 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 335.10 Td ($0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 335.10 Td ( per share resulting from a portion of the monthly distributions declared for the months of January 2018 through June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 323.10 Td (2018, \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.59 323.10 Td ($0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.09 323.10 Td ( per share, per month\), which were designated by our board of directors as a return of a portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 311.10 Td (the stockholders) Tj ET Q q 0 0 0 rg BT 139.85 311.10 Td ( invested capital and, as such, reduced the stockholders) Tj ET Q q 0 0 0 rg BT 362.92 311.10 Td ( remaining investment in the Company) Tj ET Q q 0 0 0 rg BT 518.08 311.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 299.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 299.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.04 299.10 Td ($0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.54 299.10 Td ( per share resulting from the monthly liquidating distributions declared for the months of July 2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 287.10 Td (through December 2018 \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.02 287.10 Td ($0.541667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.52 287.10 Td ( per share, per month\), which were designated as liquidating distributions and, as such, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 275.10 Td (reduced the stockholders) Tj ET Q q 0 0 0 rg BT 174.00 275.10 Td ( remaining investment in the Company) Tj ET Q q 0 0 0 rg BT 329.15 275.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 263.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 263.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.94 263.10 Td ($2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.44 263.10 Td ( per share designated liquidating distribution declared to all stockholders of record as of February 13, 2019 and paid in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 251.10 Td (February 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 227.10 Td (On July 17, 2018, in connection with the stockholder approval of the Plan of Liquidation, the board of directors determined to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 215.10 Td (suspend the distribution reinvestment plan indefinitely ef) Tj ET Q q 0 0 0 rg BT 264.11 215.10 Td (fective as of ) Tj ET Q q 0 0 0 rg BT 314.92 215.10 Td (August 31, 2018. ) Tj ET Q q 0 0 0 rg BT 388.26 215.10 Td (As a result of the suspension of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 203.10 Td (distribution reinvestment plan, all distributions paid after ) Tj ET Q q 0 0 0 rg BT 265.96 203.10 Td (August31, 2018 were paid to stockholders in cash. ) Tj ET Q q 0 0 0 rg BT 474.82 203.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 524.72 203.10 Td (, because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 191.10 Td (the Company already sold a significant number of assets and its expectation is to sell all of its remaining assets in the time frame set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 179.10 Td (forth under its Plan of Liquidation, the Company determined to stop paying monthly distributions for periods after December 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 167.10 Td (The Company intends to fund all future liquidating distributions with proceeds from the sale of its remaining properties in addition to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 155.10 Td (any distributable cash from the operating income of its remaining properties.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td ( ) Tj ET Q q 0 0 0 rg BT 58.82 737.10 Td (The table below outlines the Company) Tj ET Q q 0 0 0 rg BT 216.29 737.10 Td (s total distributions declared to stockholders and noncontrolling interests for each of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (quarters ended during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.69 725.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.69 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.13 725.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.13 725.10 Td (, including the breakout between the distributions declared in cash and those reinvested pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (to the Company) Tj ET Q q 0 0 0 rg BT 102.66 713.10 Td (s distribution reinvestment plan \(in thousands\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 618.60 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 618.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 618.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 618.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 618.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 618.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 562.50 618.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 588.60 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 588.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 588.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 588.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 588.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 588.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 562.50 588.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 558.60 184.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 558.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 558.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 558.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 558.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 558.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 558.60 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 562.50 558.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 529.60 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 529.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 529.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 529.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 529.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 529.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 562.50 529.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 499.60 184.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 499.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 499.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 499.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 499.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 499.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 562.50 499.60 14.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 666.6 m 288.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 666.6 m 292.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 666.6 m 355.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 666.6 m 359.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 666.6 m 406.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 666.6 m 410.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 666.6 m 486.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 666.6 m 562.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 666.6 m 576.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 632.6 m 288.5 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 632.6 m 355.5 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 632.6 m 406.5 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 666.6 m 486.5 666.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 632.6 m 486.5 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 632.6 m 562.5 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 632.6 m 576.5 632.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 618.6 m 220.5 618.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 618.6 m 220.5 618.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 573.6 m 576.5 573.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 573.6 m 288.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 559.6 m 288.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 557.6 m 288.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 573.6 m 355.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 559.6 m 355.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 557.6 m 355.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 573.6 m 406.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 559.6 m 406.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 557.6 m 406.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 573.6 m 486.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 559.6 m 486.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 557.6 m 486.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 573.6 m 562.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 559.6 m 562.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 557.6 m 562.5 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 559.6 m 576.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 557.6 m 576.5 557.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 544.6 m 220.5 544.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 544.6 m 220.5 544.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 484.6 m 288.5 484.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 484.6 m 355.5 484.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 484.6 m 406.5 484.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 484.6 m 562.5 484.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 484.6 m 576.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 470.6 m 288.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 468.6 m 288.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 470.6 m 355.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 468.6 m 355.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 470.6 m 406.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 468.6 m 406.5 468.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 484.6 m 486.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 470.6 m 486.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 468.6 m 486.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 468.6 m 562.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 470.6 m 576.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 468.6 m 576.5 468.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 671.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.20 671.28 Td (Stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.85 681.28 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 534.31 681.28 Td (olling) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.45 671.28 Td (Inter) Tj ET Q q 0 0 0 rg BT 529.02 671.28 Td (ests) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 637.28 Td (Distributions for) Tj ET Q q 0 0 0 rg BT 110.30 637.28 Td ( the thr) Tj ET Q q 0 0 0 rg BT 141.78 637.28 Td (ee months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.15 647.28 Td (Cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.90 637.28 Td (Distributions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.40 647.28 Td (Distributions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.15 637.28 Td (Reinvested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.55 647.28 Td (T) Tj ET Q q 0 0 0 rg BT 377.76 647.28 Td (otal) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.40 637.28 Td (Declar) Tj ET Q q 0 0 0 rg BT 391.63 637.28 Td (ed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.90 657.28 Td (Distributions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.55 647.28 Td (Declar) Tj ET Q q 0 0 0 rg BT 448.78 647.28 Td (ed per) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.60 637.28 Td (Common Shar) Tj ET Q q 0 0 0 rg BT 477.01 637.28 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.75 637.28 Td (T) Tj ET Q q 0 0 0 rg BT 500.50 637.28 Td (otal Declar) Tj ET Q q 0 0 0 rg BT 547.25 637.28 Td (ed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 623.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 623.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.50 623.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.50 623.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.00 623.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 608.27 Td (September 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 608.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 593.27 Td (June 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 593.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 578.27 Td (March 31, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 578.27 Td (661,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 578.27 Td (661,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 578.27 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 578.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 563.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.76 563.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 563.27 Td (661,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 563.27 Td (661,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 563.27 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 563.27 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 549.28 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 534.27 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 534.27 Td (43,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 534.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 534.27 Td (43,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 534.27 Td (0.1625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 534.27 Td (134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 519.27 Td (September 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 519.27 Td (36,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 519.27 Td (7,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 519.27 Td (44,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 519.27 Td (0.1625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 519.27 Td (1) Tj ET Q q 0 0 0 rg BT 536.15 519.27 Td (1,769) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 565.00 524.43 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 504.27 Td (June 30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 504.27 Td (22,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 504.27 Td (21,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 504.27 Td (44,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 504.27 Td (0.1625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 504.27 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 489.27 Td (March 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.15 489.27 Td (22,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 489.27 Td (22,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 489.27 Td (44,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 489.27 Td (0.1625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 489.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 474.27 Td (T) Tj ET Q q 0 0 0 rg BT 44.41 474.27 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 474.27 Td (125,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 474.27 Td (51,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.10 474.27 Td (176,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 474.27 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 474.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 474.27 Td (12,015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 446.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 446.10 Td (For the three months ended September 30, 2018, distributions declared to noncontrolling interests included a distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 434.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.05 434.10 Td ($1) Tj ET Q q 0 0 0 rg BT 114.68 434.10 Td (1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.57 434.10 Td ( to an af) Tj ET Q q 0 0 0 rg BT 190.88 434.10 Td (filiate of Hines, who was the Company) Tj ET Q q 0 0 0 rg BT 350.01 434.10 Td (s joint venture partner in the ) Tj ET Q q 0 0 0 rg BT 465.35 434.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.99 434.10 Td (aterW) Tj ET Q q 0 0 0 rg BT 497.62 434.10 Td (all joint venture, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 422.10 Td (a result of the sale of ) Tj ET Q q 0 0 0 rg BT 157.90 422.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.54 422.10 Td (aterW) Tj ET Q q 0 0 0 rg BT 190.16 422.10 Td (all Place.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 398.10 Td (6.RELA) Tj ET Q q 0 0 0 rg BT 75.54 398.10 Td (TED P) Tj ET Q q 0 0 0 rg BT 103.97 398.10 Td (AR) Tj ET Q q 0 0 0 rg BT 118.06 398.10 Td (TY) Tj ET Q q 0 0 0 rg BT 131.58 398.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.90 398.10 Td (TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 374.10 Td (The table below outlines feesand expense reimbursements incurred that are payable by the Company to the ) Tj ET Q q 0 0 0 rg BT 486.36 374.10 Td (Advisor) Tj ET Q q 0 0 0 rg BT 518.18 374.10 Td (, Hines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.10 Td (and its af) Tj ET Q q 0 0 0 rg BT 72.47 362.10 Td (filiates for the periods indicated below and amounts unpaid as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.79 362.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.06 362.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 362.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.08 362.10 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 281.60 153.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 281.60 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 281.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 281.60 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 281.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 281.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 281.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 281.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 281.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 281.60 61.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 281.60 13.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 281.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 244.60 153.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 244.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 244.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 244.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 244.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 244.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 244.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 244.60 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 244.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 216.60 153.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 216.60 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 216.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 216.60 60.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 216.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 216.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 216.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 216.60 52.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 216.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 216.60 61.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 216.60 13.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 216.60 59.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 179.60 153.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 179.60 60.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 179.60 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 179.60 60.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 179.60 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 179.60 52.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 179.60 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 179.60 52.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 179.60 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 179.60 61.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 179.60 13.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 179.60 59.00 -32.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 324.6 m 249.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 324.6 m 253.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 324.6 m 313.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 324.6 m 317.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 324.6 m 369.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 324.6 m 373.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 324.6 m 425.5 324.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 303.6 m 249.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 303.6 m 253.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 303.6 m 313.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 303.6 m 369.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 303.6 m 373.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 303.6 m 425.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 303.6 m 490.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 303.6 m 503.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 303.6 m 562.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 281.6 m 189.5 281.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 303.6 m 249.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 281.6 m 249.5 281.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 303.6 m 313.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 281.6 m 313.5 281.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 303.6 m 369.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 281.6 m 369.5 281.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 303.6 m 425.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 281.6 m 425.5 281.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 303.6 m 490.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 281.6 m 490.5 281.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 303.6 m 562.5 303.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 281.6 m 562.5 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 147.60000000000002 m 490.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 134.60000000000002 m 490.5 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 132.60000000000002 m 490.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 147.60000000000002 m 562.5 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 134.60000000000002 m 562.5 134.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 132.60000000000002 m 562.5 132.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 329.27 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.80 329.05 Td (Incurr) Tj ET Q q 0 0 0 rg BT 315.22 329.05 Td (ed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 329.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 329.27 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 308.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.05 316.00 Td (Thr) Tj ET Q q 0 0 0 rg BT 224.97 316.00 Td (ee Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.55 307.00 Td (September) Tj ET Q q 0 0 0 rg BT 264.96 307.00 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.45 316.00 Td (Nine Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.55 307.00 Td (September) Tj ET Q q 0 0 0 rg BT 384.96 307.00 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.20 308.05 Td (Unpaid as of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 286.05 Td (T) Tj ET Q q 0 0 0 rg BT 44.67 286.05 Td (ype and Recipient) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.00 286.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 274.00 286.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 286.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.00 286.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 432.05 295.00 Td (September) Tj ET Q q 0 0 0 rg BT 473.46 295.00 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.50 286.00 Td (2019) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 289.96 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.30 295.00 Td (December) Tj ET Q q 0 0 0 rg BT 545.11 295.00 Td ( 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.50 286.00 Td (2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 272.06 Td (Asset Management Fee- the ) Tj ET Q q 0 0 0 rg BT 141.72 272.06 Td (Advisor and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 263.06 Td (af) Tj ET Q q 0 0 0 rg BT 45.91 263.06 Td (filiates of Hines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.75 263.06 Td (6,665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.75 263.06 Td (8,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.25 263.06 Td (20,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 263.06 Td (26,527) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 263.06 Td (2,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 263.06 Td (2,495) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 249.06 Td (Disposition Fee- the ) Tj ET Q q 0 0 0 rg BT 113.99 249.06 Td (Advisor) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 249.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.00 249.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 249.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.75 249.06 Td (4,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 249.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 249.06 Td (4,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 249.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 249.06 Td (5,776) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 249.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 249.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 235.06 Td (Other ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 61.74 239.14 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.56 235.06 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 235.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.75 235.06 Td (1,878) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 235.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.75 235.06 Td (1,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 235.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 235.06 Td (4,513) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 235.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 235.06 Td (4,230) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 235.06 Td (789) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 235.06 Td (2,089) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 221.06 Td (Property Management Fee- Hines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 221.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.75 221.06 Td (1,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 221.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.75 221.06 Td (1,540) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 221.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 221.06 Td (3,010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 221.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 221.06 Td (4,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 221.06 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 221.06 Td (125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 207.06 Td (Development/Construction Management) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 198.06 Td (Fee- Hines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 198.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.50 198.06 Td (558) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 198.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 198.06 Td (725) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 198.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 198.06 Td (1,574) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 198.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 198.06 Td (1,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 198.06 Td (227) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 198.06 Td (314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 184.06 Td (Leasing Fee- Hines) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 184.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.50 184.06 Td (260) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 184.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 184.06 Td (724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 184.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.50 184.06 Td (804) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 184.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 184.06 Td (1,943) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 184.06 Td (2,025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 184.06 Td (2,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 170.06 Td (Expense Reimbursement- Hines \(with) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 161.06 Td (respect to management and operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 152.06 Td (of the Company) Tj ET Q q 0 0 0 rg BT 99.49 152.06 Td (s properties\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 152.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.75 152.06 Td (1,728) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 152.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.75 152.06 Td (2,480) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.00 152.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 152.06 Td (5,787) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 152.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.75 152.06 Td (7,367) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 152.06 Td (502) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 152.06 Td (584) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 138.05 Td (Due to ) Tj ET Q q 0 0 0 rg BT 66.00 138.05 Td (Affiliates) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.00 138.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 256.00 138.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.00 138.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.00 138.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 138.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 138.06 Td (5,708) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.00 138.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 138.06 Td (7,968) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 110.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 110.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 110.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 110.10 Td (, with the exception of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.90 110.10 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 110.10 Td ( related to corporate level activities, these amounts were included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 98.10 Td (in due to af) Tj ET Q q 0 0 0 rg BT 99.08 98.10 Td (filiates within liabilities associated with assets held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 74.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 74.10 Td (Includes amounts the ) Tj ET Q q 0 0 0 rg BT 140.93 74.10 Td (Advisor paid on behalf of the Company such as general and administrative expenses and issuer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 62.10 Td (costs.) Tj ET Q q 0 0 0 rg BT 81.32 62.10 Td (These amounts are generally reimbursed to the ) Tj ET Q q 0 0 0 rg BT 270.42 62.10 Td (Advisor during the month following the period in which they are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 50.10 Td (incurred.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 54.00 742.25 Td (Summit Development ) Tj ET Q q 0 0 0 rg BT 144.74 742.25 Td (Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 718.25 Td (In March 2019, the Company entered into a Development Management ) Tj ET Q q 0 0 0 rg BT 341.97 718.25 Td (Agreement with Hines, the Company) Tj ET Q q 0 0 0 rg BT 493.89 718.25 Td (s sponsor) Tj ET Q q 0 0 0 rg BT 530.99 718.25 Td (, for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.25 Td (the construction and development of an of) Tj ET Q q 0 0 0 rg BT 204.66 706.25 Td (fice building at the Summit in Bellevue, ) Tj ET Q q 0 0 0 rg BT 367.23 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 375.86 706.25 Td (ashington. Hines will be paid a project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 694.25 Td (administration fee equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.41 694.25 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.24 694.25 Td ( of the qualified construction costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 670.25 Td (7.F) Tj ET Q q 0 0 0 rg BT 53.87 670.25 Td (AIR ) Tj ET Q q 0 0 0 rg BT 74.52 670.25 Td (V) Tj ET Q q 0 0 0 rg BT 80.45 670.25 Td (ALUE MEASUREMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 646.25 Td (Financial Instruments Fair V) Tj ET Q q 0 0 0 rg BT 170.38 646.25 Td (alue Disclosur) Tj ET Q q 0 0 0 rg BT 228.62 646.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 634.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 622.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 622.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 622.25 Td (, the Company estimated that the fair value of its notes payable, which had a book value \(excluding any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.25 Td (unamortized discount or premium\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.46 610.25 Td ($803.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.35 610.25 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.40 610.25 Td ($804.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.30 610.25 Td (. ) Tj ET Q q 0 0 0 rg BT 333.74 610.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.19 610.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.77 610.25 Td (, the Company estimated that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.25 Td (fair value of its notes payable, which had a book value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.31 598.25 Td ($678.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.21 598.25 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.26 598.25 Td ($679.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 598.25 Td (. Management has utilized available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.25 Td (market information, such as interest rate and spread assumptions of notes payable with similar terms and remaining maturities, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.25 Td (estimate the amounts required to be disclosed. ) Tj ET Q q 0 0 0 rg BT 222.62 574.25 Td (Although the Company has determined the majority of the inputs used to value its notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.25 Td (payable fall within Level 2 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 249.42 562.25 Td (, the credit quality adjustments associated with its fair value of notes payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.25 Td (utilize Level 3 inputs. However) Tj ET Q q 0 0 0 rg BT 161.95 550.25 Td (, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.61 550.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.88 550.25 Td (, the Company has assessed the significance of the impact of the credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.25 Td (quality adjustments on the overall valuations of its fair market value of notes payable and has determined that they are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.25 Td (significant.) Tj ET Q q 0 0 0 rg BT 82.66 526.25 Td (As a result, the Company has determined these financial instruments utilize Level 2 inputs. Since such amounts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.25 Td (estimates that are based on limited available market information for similar transactions, there can be no assurance that the disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 502.25 Td (values could be realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 478.25 Td (Other financial instruments not measured at fair value on a recurring basis include cash and cash equivalents, restricted cash, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 466.25 Td (tenant and other receivables, accounts payable and accrued expenses, other liabilities, due to af) Tj ET Q q 0 0 0 rg BT 415.66 466.25 Td (filiates and distributions payable. ) Tj ET Q q 0 0 0 rg BT 553.23 466.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.25 Td (carrying value of these items reasonably approximates their fair value based on their highly-liquid nature and/or short-term maturities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.25 Td (Due to the short-term nature of these instruments, Level 1 inputs are utilized to estimate the fair value of the cash and cash equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.25 Td (and restricted cash and Level 2 inputs are utilized to estimate the fair value of the remaining financial instruments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 406.25 Td (Financial Instruments Measur) Tj ET Q q 0 0 0 rg BT 175.28 406.25 Td (ed on a Nonr) Tj ET Q q 0 0 0 rg BT 227.41 406.25 Td (ecurring Basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 382.25 Td (Certain long-lived assets are measured at fair value on a non-recurring basis. ) Tj ET Q q 0 0 0 rg BT 362.87 382.25 Td (These assets are not measured at fair value on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 370.25 Td (ongoing basis, but are subject to fair value adjustments \(i.e., impairments\) in certain circumstances. ) Tj ET Q q 0 0 0 rg BT 438.48 370.25 Td (The inputs associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 358.25 Td (valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 393.54 358.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 334.25 Td (Impairment of Investment Pr) Tj ET Q q 0 0 0 rg BT 168.88 334.25 Td (operty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 310.25 Td (As a result of the Company) Tj ET Q q 0 0 0 rg BT 166.48 310.25 Td (s remaining real estate properties meeting the criteria to be classified as held for sale for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.50 310.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.25 Td (months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.09 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.59 298.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.59 298.25 Td (, the Company determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.67 298.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.33 298.25 Td ( of its remaining properties were impaired by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 298.25 Td ($78.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.50 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.25 Td (based on such assets having carrying values that exceeded their estimated sales price less costs to sell based on the of) Tj ET Q q 0 0 0 rg BT 504.56 286.25 Td (fers received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.25 Td (\(level 2 inputs\) and third party broker consultations \(level 3 inputs\), which were obtained in conjunction with our marketing process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 262.25 Td (during the quarter) Tj ET Q q 0 0 0 rg BT 107.09 262.25 Td (. Of this amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.58 262.25 Td ($46.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.48 262.25 Td ( is attributable to the requirement when real estate properties are classified as held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 250.25 Td (sale to include cumulative foreign currency translation adjustments \(cumulative CT) Tj ET Q q 0 0 0 rg BT 373.70 250.25 Td (A\) in the carrying value for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.32 250.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.32 250.25 Td ( of our foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.25 Td (denominated assets within the impairment tests in accordance with ) Tj ET Q q 0 0 0 rg BT 305.10 238.25 Td (ASC 830, Foreign Currency Matters. ) Tj ET Q q 0 0 0 rg BT 455.73 238.25 Td (These impairment losses are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.25 Td (limited to the carrying amount of each asset. ) Tj ET Q q 0 0 0 rg BT 218.17 226.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.61 226.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.88 226.25 Td (, there is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.53 226.25 Td ($8.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.42 226.25 Td ( of cumulative CT) Tj ET Q q 0 0 0 rg BT 480.66 226.25 Td (A) Tj ET Q q 0 0 0 rg BT 487.33 226.25 Td ( losses that may result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.25 Td (in future losses due to those losses exceeding the current carrying value of the assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.25 Td (Prior to designating its properties as held for sale, investment properties were reviewed for impairment at each reporting period if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.25 Td (events or changes in circumstances indicated that the carrying amount may not be recoverable. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.29 178.25 Td (six months ended June 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 166.25 Td (, the Company determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.08 166.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.52 166.25 Td ( of its properties was impaired by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.88 166.25 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.77 166.25 Td ( as a result of deteriorating market conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.25 Td (and valued it using level 3 inputs. ) Tj ET Q q 0 0 0 rg BT 175.15 154.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 225.05 154.25 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.01 154.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.60 154.25 Td (, the Company determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.68 154.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.66 154.25 Td ( of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 142.25 Td (properties \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.82 142.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.82 142.25 Td ( of which were measured using executed purchase and sale agreements, which are considered level 2 inputs, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.87 142.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.30 142.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 130.25 Td (which was measured using level 3 inputs\) were impaired as a result of deteriorating market conditions. ) Tj ET Q q 0 0 0 rg BT 451.81 130.25 Td (The changes in assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.25 Td (resulted in the net book value exceeding the projected undiscounted cash flows for these properties. ) Tj ET Q q 0 0 0 rg BT 436.43 118.25 Td (As a result, these properties were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.25 Td (written down to fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 82.25 Td (The following table summarizes activity for the properties measured at fair value, on a non-recurring basis as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.12 82.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 70.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.44 70.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.02 70.25 Td ( \(in thousands\).) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (17) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 687.50 146.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 687.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 687.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 687.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 687.50 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 687.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 687.50 75.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 687.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 687.50 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 687.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 687.50 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 687.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 687.50 62.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 741.5 m 246.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 741.5 m 250.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 741.5 m 295.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 741.5 m 299.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 741.5 m 374.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 741.5 m 378.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 741.5 m 441.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 741.5 m 445.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 741.5 m 510.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 741.5 m 514.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 741.5 m 576.5 741.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 687.5 m 182.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 687.5 m 246.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 687.5 m 295.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 687.5 m 374.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 687.5 m 441.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 687.5 m 510.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 687.5 m 576.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 687.5 m 441.5 687.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 687.5 m 576.5 687.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.40 746.18 Td (Basis of Fair) Tj ET Q q 0 0 0 rg BT 362.20 746.18 Td ( ) Tj ET Q q 0 0 0 rg BT 364.52 746.18 Td (V) Tj ET Q q 0 0 0 rg BT 371.19 746.18 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 423.69 746.18 Td (ements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 692.18 Td (As of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.25 692.18 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.40 712.18 Td (Fair) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.00 702.18 Td (V) Tj ET Q q 0 0 0 rg BT 261.30 702.18 Td (alue of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.15 692.18 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.35 732.18 Td (Quoted Prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.15 722.18 Td (In ) Tj ET Q q 0 0 0 rg BT 328.55 722.18 Td (Active) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.90 712.18 Td (Markets for) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.40 702.18 Td (Identical Items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.75 692.18 Td (\(Level 1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.40 732.18 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.80 722.18 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.05 712.18 Td (Observable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.60 702.18 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.75 692.18 Td (\(Level 2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.40 722.18 Td (Significant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.05 712.18 Td (Unobservable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.60 702.18 Td (Inputs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.75 692.18 Td (\(Level 3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 702.18 Td (Impairment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.25 692.18 Td (Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 667.17 Td (September 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.75 677.17 Td (Investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.05 667.17 Td (property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.10 667.17 Td (365,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 667.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 667.17 Td (82,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 667.17 Td (283,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 667.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 667.17 Td (85,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 642.17 Td (December 31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.75 652.17 Td (Investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.05 642.17 Td (property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 642.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.10 642.17 Td (138,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.00 642.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 642.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 642.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 642.17 Td (68,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 642.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 642.17 Td (70,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 642.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 642.17 Td (19,180) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 614.00 Td (The Company) Tj ET Q q 0 0 0 rg BT 113.71 614.00 Td (s estimated fair value of the property measured using level 3 inputs was based on comparisons of recent market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 602.00 Td (activity) Tj ET Q q 0 0 0 rg BT 65.34 602.00 Td (, broker consultations, and discounted cash flow models, which include estimates of property-specific inflows and outflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 590.00 Td (over a specific holding period.Significant unobservable quantitative inputs used in determining the fair value of the investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 578.00 Td (property for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.25 578.00 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.80 578.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.30 578.00 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.56 578.00 Td ( include: discount rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.52 578.00 Td (7.21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.35 578.00 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.13 578.00 Td (9.30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.96 578.00 Td (; capitalization rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 566.00 Td (ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.99 566.00 Td (6.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.82 566.00 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.59 566.00 Td (9.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.42 566.00 Td (; stabilized occupancy rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.14 566.00 Td (91.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.97 566.00 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.75 566.00 Td (94.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.58 566.00 Td (; and current market rental rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 554.00 Td ($12.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 554.00 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.28 554.00 Td ($47.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.78 554.00 Td ( per square foot.Significant unobservable quantitative inputs used in determining the fair value of the investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 542.00 Td (property for the period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.68 542.00 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.26 542.00 Td ( include: a discount rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.11 542.00 Td (9.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.94 542.00 Td (; a capitalization rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.84 542.00 Td (8.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.67 542.00 Td (; stabilized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 530.00 Td (occupancy rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.57 530.00 Td (90.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.40 530.00 Td (; and a current market rental rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.21 530.00 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.71 530.00 Td ( per square foot.) Tj ET Q q 0 0 0 rg BT 376.51 530.00 Td (These inputs are based on the location, type and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 518.00 Td (nature of each property) Tj ET Q q 0 0 0 rg BT 128.36 518.00 Td (, current and anticipated market conditions, and management) Tj ET Q q 0 0 0 rg BT 375.21 518.00 Td (s knowledge and expertise in real estate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 494.00 Td (8. REPOR) Tj ET Q q 0 0 0 rg BT 80.65 494.00 Td (T) Tj ET Q q 0 0 0 rg BT 86.58 494.00 Td (ABLE SEGMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 470.00 Td (The Company) Tj ET Q q 0 0 0 rg BT 113.71 470.00 Td (s real estate investments are geographically diversified and management evaluates the operating performance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.00 Td (each at an individual investment level and considers each investment to be an operating segment. ) Tj ET Q q 0 0 0 rg BT 426.81 458.00 Td (The Company has aggregated all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 446.00 Td (its operating segments into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.99 446.00 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.65 446.00 Td ( reportable segments based on the location of the segment and the underlying asset class. Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 434.00 Td (has aggregated the Company) Tj ET Q q 0 0 0 rg BT 154.57 434.00 Td (s investments that are not of) Tj ET Q q 0 0 0 rg BT 266.87 434.00 Td (fice properties in other based on the geographic location of the investment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 422.00 Td (due to the Company) Tj ET Q q 0 0 0 rg BT 119.60 422.00 Td (s ownership of interests in various dif) Tj ET Q q 0 0 0 rg BT 269.95 422.00 Td (ferent types of investments that do not stand alone as their own reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 410.00 Td (segment. ) Tj ET Q q 0 0 0 rg BT 76.64 410.00 Td (The Company) Tj ET Q q 0 0 0 rg BT 136.36 410.00 Td (s reporting segments consist of the following, based on the Company) Tj ET Q q 0 0 0 rg BT 415.48 410.00 Td (s investments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.81 410.00 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 398.00 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 398.00 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 374.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 374.00 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 103.83 374.00 Td (of) Tj ET Q q 0 0 0 rg BT 111.97 374.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 129.46 374.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 179.73 374.00 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.06 374.00 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.06 374.00 Td ( ) Tj ET Q q 0 0 0 rg BT 190.56 374.00 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 362.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 362.00 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 103.83 362.00 Td (other ) Tj ET Q q 0 0 0 rg BT 126.87 362.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 177.15 362.00 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.48 362.00 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.48 362.00 Td ( ) Tj ET Q q 0 0 0 rg BT 187.98 362.00 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 350.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 350.00 Td (International ) Tj ET Q q 0 0 0 rg BT 116.59 350.00 Td (of) Tj ET Q q 0 0 0 rg BT 124.74 350.00 Td (fice ) Tj ET Q q 0 0 0 rg BT 142.22 350.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 192.50 350.00 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.83 350.00 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.83 350.00 Td ( ) Tj ET Q q 0 0 0 rg BT 203.33 350.00 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 338.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 338.00 Td (International ) Tj ET Q q 0 0 0 rg BT 116.59 338.00 Td (other ) Tj ET Q q 0 0 0 rg BT 139.64 338.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 189.91 338.00 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.24 338.00 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.24 338.00 Td ( ) Tj ET Q q 0 0 0 rg BT 200.74 338.00 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 314.00 Td (The tables below provide additional information related to each of the Company) Tj ET Q q 0 0 0 rg BT 378.07 314.00 Td (s segments, geographic location and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.00 Td (reconciliation to the Company) Tj ET Q q 0 0 0 rg BT 160.14 302.00 Td (s net income \(loss\), as applicable. Corporate-Level ) Tj ET Q q 0 0 0 rg BT 372.28 302.00 Td (Accounts includes amounts incurred by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.00 Td (corporate-level entities which are not allocated to any of the reportable segments \(all amounts are in thousands, except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 278.00 Td (percentages\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 202.50 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 202.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 202.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 202.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 202.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 202.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 202.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 202.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 172.50 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 172.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 172.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 172.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 172.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 172.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 172.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 172.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 142.50 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 142.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 142.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 142.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 142.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 142.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 142.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 142.50 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 232.5 m 362.5 232.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 232.5 m 366.5 232.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 232.5 m 436.5 232.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 232.5 m 506.5 232.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 232.5 m 510.5 232.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 232.5 m 576.5 232.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 217.5 m 362.5 217.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 217.5 m 436.5 217.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 217.5 m 506.5 217.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 217.5 m 576.5 217.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 202.5 m 292.5 202.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 142.5 m 362.5 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 128.5 m 362.5 128.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 126.5 m 362.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 142.5 m 436.5 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 128.5 m 436.5 128.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 126.5 m 436.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 142.5 m 506.5 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 128.5 m 506.5 128.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 126.5 m 506.5 126.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 142.5 m 576.5 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 128.5 m 576.5 128.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 126.5 m 576.5 126.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 237.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.50 246.23 Td (Thr) Tj ET Q q 0 0 0 rg BT 335.08 246.23 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.50 236.23 Td (September) Tj ET Q q 0 0 0 rg BT 379.51 236.23 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.20 246.23 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.50 236.23 Td (September) Tj ET Q q 0 0 0 rg BT 523.51 236.23 Td ( 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 222.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.00 222.18 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 222.18 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 222.18 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.00 222.18 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 207.18 Td (T) Tj ET Q q 0 0 0 rg BT 45.21 207.18 Td (otal Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 207.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.00 207.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 207.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 207.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 192.17 Td (Domestic of) Tj ET Q q 0 0 0 rg BT 88.06 192.17 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 192.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 192.17 Td (16,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.00 192.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 192.17 Td (32,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 192.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 192.17 Td (48,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 192.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 192.17 Td (98,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 177.17 Td (Domestic other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 177.17 Td (19,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 177.17 Td (20,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 177.17 Td (56,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 177.17 Td (66,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 162.17 Td (International of) Tj ET Q q 0 0 0 rg BT 100.83 162.17 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 162.17 Td (12,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 162.17 Td (16,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 162.17 Td (36,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 162.17 Td (56,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 147.17 Td (International other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 147.17 Td (1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 147.17 Td (6,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 147.17 Td (2,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 147.17 Td (26,297) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 132.18 Td (T) Tj ET Q q 0 0 0 rg BT 44.75 132.18 Td (otal Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 132.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 132.17 Td (49,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.00 132.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 132.17 Td (77,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 132.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 132.17 Td (143,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.00 132.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 132.17 Td (247,232) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.11 749.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.75 749.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.57 749.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.84 749.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.28 749.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.28 749.10 Td ( the Company) Tj ET Q q 0 0 0 rg BT 381.16 749.10 Td (s total revenue was attributable to the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (countries:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 661.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 661.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 661.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 661.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 661.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 661.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 631.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 631.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 631.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 631.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 631.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 631.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 601.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 601.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 601.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 601.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 601.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 601.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 571.60 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 571.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 571.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 571.60 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 571.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 571.60 66.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 691.6 m 362.5 691.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 691.6 m 366.5 691.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 691.6 m 436.5 691.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 691.6 m 506.5 691.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 691.6 m 510.5 691.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 691.6 m 576.5 691.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 676.6 m 362.5 676.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 676.6 m 436.5 676.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 676.6 m 506.5 676.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 676.6 m 576.5 676.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 661.6 m 292.5 661.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.50 705.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 335.08 705.33 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.50 695.33 Td (September) Tj ET Q q 0 0 0 rg BT 379.51 695.33 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.20 705.33 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.50 695.33 Td (September) Tj ET Q q 0 0 0 rg BT 523.51 695.33 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.00 681.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 681.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 681.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.00 681.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 666.28 Td (T) Tj ET Q q 0 0 0 rg BT 44.75 666.28 Td (otal Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 651.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.65 651.27 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 651.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 651.27 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 651.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 651.27 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 651.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 651.27 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 651.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 636.27 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.65 636.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 636.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 636.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 636.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 636.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 636.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 636.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 636.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 621.27 Td (Poland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 621.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 621.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 621.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 621.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 621.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 621.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 621.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 621.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 606.27 Td (Russia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 606.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 606.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 606.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 606.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 606.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 606.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 606.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 606.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 591.27 Td (France) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 591.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 591.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 591.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 591.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 591.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 591.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 591.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 591.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 576.27 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.65 576.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 576.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 576.27 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 576.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 576.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 576.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 576.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 576.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 561.27 Td (Germany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.65 561.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 561.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 561.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 561.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 561.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 561.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 561.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 561.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.11 533.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.75 533.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.57 533.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.84 533.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.28 533.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.28 533.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 383.66 533.10 Td (s property revenues in excess of expenses by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (segment was as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 457.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 457.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 457.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 457.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 457.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 427.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 427.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 427.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 427.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 427.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 397.60 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 397.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 397.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 397.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 397.60 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 487.6 m 363.5 487.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 487.6 m 367.5 487.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 487.6 m 434.5 487.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 487.6 m 505.5 487.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 487.6 m 509.5 487.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 487.6 m 576.5 487.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 472.6 m 363.5 472.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 472.6 m 434.5 472.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 472.6 m 505.5 472.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 472.6 m 576.5 472.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 457.6 m 296.5 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 397.6 m 363.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 397.6 m 434.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 383.6 m 363.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 381.6 m 363.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 383.6 m 434.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 381.6 m 434.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 397.6 m 505.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 383.6 m 505.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 381.6 m 505.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 397.6 m 576.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 383.6 m 576.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 381.6 m 576.5 381.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 492.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.50 501.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 336.08 501.33 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 491.33 Td (September) Tj ET Q q 0 0 0 rg BT 380.51 491.33 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.20 501.33 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 491.33 Td (September) Tj ET Q q 0 0 0 rg BT 522.51 491.33 Td ( 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 477.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.50 477.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.50 477.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.50 477.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.50 477.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 462.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 49.37 462.28 Td (operty r) Tj ET Q q 0 0 0 rg BT 83.89 462.28 Td (evenues in excess of expenses ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 209.71 466.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.00 462.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.00 462.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 462.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 462.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 447.27 Td (Domestic of) Tj ET Q q 0 0 0 rg BT 88.06 447.27 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 447.27 Td (10,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 447.27 Td (20,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 447.27 Td (29,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 447.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 447.27 Td (62,085) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 432.27 Td (Domestic other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 432.27 Td (1) Tj ET Q q 0 0 0 rg BT 337.15 432.27 Td (1,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 432.27 Td (12,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 432.27 Td (34,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 432.27 Td (40,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 417.27 Td (International of) Tj ET Q q 0 0 0 rg BT 100.83 417.27 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 417.27 Td (6,41) Tj ET Q q 0 0 0 rg BT 354.65 417.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 417.27 Td (9,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 417.27 Td (17,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 417.27 Td (31,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 402.27 Td (International other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 402.27 Td (858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 402.27 Td (4,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 402.27 Td (1,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 402.27 Td (18,092) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 387.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 49.37 387.28 Td (operty r) Tj ET Q q 0 0 0 rg BT 83.89 387.28 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 387.27 Td (29,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 387.27 Td (47,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 387.27 Td (83,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 387.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 387.27 Td (152,148) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 359.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.10 Td (Revenues less property operating expenses, real property taxes and property management fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 335.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 335.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 335.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.15 335.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.73 335.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 318.11 335.10 Td (s total assets by segment was as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 292.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 292.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 292.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 292.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 262.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 262.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 262.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 232.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 232.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 232.60 92.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 307.6 m 480.5 307.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 307.6 m 576.5 307.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 292.6 m 388.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 217.60000000000002 m 480.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 203.60000000000002 m 480.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 201.60000000000002 m 480.5 201.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 217.60000000000002 m 576.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 203.60000000000002 m 576.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 201.60000000000002 m 576.5 201.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 312.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.25 312.28 Td (September) Tj ET Q q 0 0 0 rg BT 438.26 312.28 Td ( 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 312.28 Td (December) Tj ET Q q 0 0 0 rg BT 532.77 312.28 Td ( 31, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 297.28 Td (T) Tj ET Q q 0 0 0 rg BT 45.21 297.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 63.08 297.28 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 297.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 297.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 282.27 Td (Domestic of) Tj ET Q q 0 0 0 rg BT 88.06 282.27 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 282.27 Td (680,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 282.27 Td (913,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 267.27 Td (Domestic other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 267.27 Td (677,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 267.27 Td (715,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 252.27 Td (International of) Tj ET Q q 0 0 0 rg BT 100.83 252.27 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 252.27 Td (629,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 252.27 Td (640,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 237.27 Td (International other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 237.27 Td (14,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 237.27 Td (33,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 222.27 Td (Corporate-level accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 222.27 Td (9,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 222.27 Td (195,586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 207.28 Td (T) Tj ET Q q 0 0 0 rg BT 44.75 207.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 62.81 207.28 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 207.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 207.27 Td (2,010,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 207.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 207.27 Td (2,499,71) Tj ET Q q 0 0 0 rg BT 567.65 207.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 179.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 179.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 179.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.15 179.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.73 179.10 Td (, the Company) Tj ET Q q 0 0 0 rg BT 318.11 179.10 Td (s total assets were attributable to the following countries:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 136.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 136.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 136.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 136.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 106.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 106.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 106.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 106.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 76.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 76.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 76.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 76.60 92.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 151.60000000000002 m 479.5 151.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 151.60000000000002 m 575.5 151.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 136.60000000000002 m 387.5 136.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.25 156.28 Td (September) Tj ET Q q 0 0 0 rg BT 437.26 156.28 Td ( 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.65 156.28 Td (December) Tj ET Q q 0 0 0 rg BT 531.77 156.28 Td ( 31, 2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 38.00 141.28 Td (T) Tj ET Q q 0 0 0 rg BT 43.75 141.28 Td (otal ) Tj ET Q q 0 0 0 rg BT 61.81 141.28 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 126.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 126.27 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 126.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 126.27 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 126.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 111.27 Td (United Kingdom) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 111.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 111.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 111.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 111.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 96.27 Td (Poland) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 96.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 96.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 96.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 96.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 81.27 Td (France) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 81.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 81.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 81.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 81.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 66.27 Td (Russia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 66.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 66.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 66.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 66.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 38.00 51.27 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 51.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 51.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.65 51.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 566.65 51.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.11 737.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.75 737.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.57 737.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.84 737.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.28 737.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.28 737.10 Td (, the reconciliation of the Company) Tj ET Q q 0 0 0 rg BT 466.68 737.10 Td (s total property revenues in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (excess of expenses to the Company) Tj ET Q q 0 0 0 rg BT 180.69 725.10 Td (s net income \(loss\) is as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 659.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 659.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 659.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 659.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 659.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 629.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 629.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 629.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 629.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 629.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 599.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 599.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 599.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 599.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 599.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 569.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 569.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 569.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 569.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 569.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 539.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 539.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 539.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 539.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 539.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 509.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 509.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 509.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 509.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 509.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 479.60 255.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 479.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 479.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 479.60 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 479.60 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 689.6 m 360.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 689.6 m 364.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 689.6 m 434.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 689.6 m 505.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 689.6 m 509.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 689.6 m 576.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 689.6 m 360.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 674.6 m 360.5 674.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 689.6 m 434.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 674.6 m 434.5 674.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 689.6 m 505.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 674.6 m 505.5 674.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 689.6 m 576.5 689.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 674.6 m 576.5 674.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 659.6 m 291.5 659.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 479.6 m 505.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 479.6 m 576.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 479.6 m 360.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 465.6 m 360.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 463.6 m 360.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 479.6 m 434.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 465.6 m 434.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 463.6 m 434.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 479.6 m 505.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 465.6 m 505.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 463.6 m 505.5 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 479.6 m 576.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 465.6 m 576.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 463.6 m 576.5 463.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 694.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.00 704.28 Td (Thr) Tj ET Q q 0 0 0 rg BT 333.58 704.28 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.00 694.28 Td (September) Tj ET Q q 0 0 0 rg BT 378.01 694.28 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.20 704.28 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 694.28 Td (September) Tj ET Q q 0 0 0 rg BT 522.51 694.28 Td ( 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 679.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.50 679.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 679.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.50 679.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.50 679.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 664.28 Td (Reconciliation to pr) Tj ET Q q 0 0 0 rg BT 123.34 664.28 Td (operty r) Tj ET Q q 0 0 0 rg BT 157.87 664.28 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 664.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 664.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 664.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 664.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 649.27 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 649.32 Td (\(73,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 649.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 649.27 Td (149,1) Tj ET Q q 0 0 0 rg BT 420.65 649.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 649.27 Td (107,71) Tj ET Q q 0 0 0 rg BT 496.65 649.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 649.27 Td (184,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 634.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 634.27 Td (4,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 634.27 Td (24,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 634.27 Td (30,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 634.27 Td (88,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 619.27 Td (Asset management fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 619.27 Td (6,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 619.27 Td (8,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 619.27 Td (20,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 619.27 Td (26,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 604.27 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 604.27 Td (1,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 604.27 Td (2,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 604.27 Td (6,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 604.27 Td (8,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 589.27 Td (Impairment Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 589.27 Td (78,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 589.27 Td (4,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 589.27 Td (85,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 589.27 Td (9,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 574.27 Td (\(Gain\) loss on derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 574.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 574.27 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 574.27 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 574.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 559.27 Td (\(Gain\) loss on sale of real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.30 559.32 Td (\(144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 559.32 Td (\(157,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 559.32 Td (\(190,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 559.27 Td (\(216,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 559.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 544.27 Td (Foreign currency \(gains\) losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 544.27 Td (3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 544.32 Td (\(3,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 544.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 544.27 Td (2,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 544.27 Td (4,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 529.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 529.27 Td (7,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 529.27 Td (15,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 529.27 Td (22,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 529.27 Td (45,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 514.27 Td (Other \(income\) expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 514.32 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 514.32 Td (\(184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 514.32 Td (\(1,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 514.27 Td (\(570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 514.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 499.27 Td (\(Benefit\) provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 499.27 Td (1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 499.27 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 499.27 Td (1,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 499.27 Td (\(1,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 484.27 Td (Provision for income taxes related to the sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 484.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 484.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 484.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 484.27 Td (3,229) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 469.28 Td (T) Tj ET Q q 0 0 0 rg BT 44.75 469.28 Td (otal pr) Tj ET Q q 0 0 0 rg BT 73.18 469.28 Td (operty r) Tj ET Q q 0 0 0 rg BT 107.71 469.28 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 469.27 Td (29,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 469.27 Td (47,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 469.27 Td (83,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 469.27 Td (152,148) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 441.10 Td (9. SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 113.60 441.10 Td (AL) Tj ET Q q 0 0 0 rg BT 126.94 441.10 Td ( CASH FLOW) Tj ET Q q 0 0 0 rg BT 190.10 441.10 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 417.10 Td (Supplemental cash flow disclosures for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.40 417.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.95 417.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.45 417.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.71 417.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 417.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 417.10 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 362.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 362.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 362.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 362.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 332.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 332.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 332.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 332.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 302.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 302.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 302.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 302.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 272.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 272.60 92.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 272.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 272.60 92.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 392.6 m 480.5 392.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 392.6 m 484.5 392.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 392.6 m 576.5 392.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 377.6 m 480.5 377.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 377.6 m 576.5 377.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.50 397.28 Td (Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 541.58 397.28 Td ( 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 382.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 382.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 382.28 Td (2018) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 39.00 367.28 Td (Supplemental Disclosure of Cash Flow Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 367.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 367.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 352.27 Td (Cash paid for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 352.27 Td (20,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 352.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 352.27 Td (41,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 337.27 Td (Cash paid for taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 337.27 Td (1,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 337.27 Td (20,082) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 39.00 322.28 Td (Supplemental Schedule of Non-Cash ) Tj ET Q q 0 0 0 rg BT 193.65 322.28 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 322.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 322.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 307.27 Td (Distributions declared and unpaid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 307.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 307.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 307.27 Td (26,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 292.27 Td (Distributions reinvested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 292.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 292.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 292.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 292.27 Td (59,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 277.27 Td (Shares tendered for redemption) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 277.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 277.27 Td (759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 277.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 277.27 Td (14,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 262.27 Td (Assumption of mortgage upon disposition of property) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 262.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 262.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 262.27 Td (208,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 247.27 Td (Accrued capital additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 247.27 Td (13,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 247.27 Td (19,542) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (10. COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 132.95 749.25 Td (AND CONTINGENCIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (In May 2018, Puget Sound Ener) Tj ET Q q 0 0 0 rg BT 182.70 725.25 Td (gy renewed its lease for its space in ) Tj ET Q q 0 0 0 rg BT 326.91 725.25 Td (The Summit located in Bellevue, ) Tj ET Q q 0 0 0 rg BT 461.14 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 469.78 725.25 Td (ashington. In connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (with this lease, the Company committed to fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.69 713.25 Td ($9.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.58 713.25 Td ( of tenant inducements, to be paid in future periods. ) Tj ET Q q 0 0 0 rg BT 490.37 713.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.81 713.25 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 701.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 701.25 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 701.25 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 179.60 701.25 Td (s commitment remained unfunded and is recorded in accounts payable and accrued expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (within liabilities associated with assets held for sale in the accompanying Condensed Consolidated Balance Sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.25 Td (In September 2018, ) Tj ET Q q 0 0 0 rg BT 134.91 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 143.55 665.25 Td (eW) Tj ET Q q 0 0 0 rg BT 156.63 665.25 Td (ork signed a lease for space in ) Tj ET Q q 0 0 0 rg BT 279.45 665.25 Td (The Summit located in Bellevue, ) Tj ET Q q 0 0 0 rg BT 413.69 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 422.33 665.25 Td (ashington. In connection with this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (lease, the Company committed to fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.47 653.25 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.36 653.25 Td ( of tenant inducements, to be paid in future periods. ) Tj ET Q q 0 0 0 rg BT 458.14 653.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.58 653.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.85 653.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.89 641.25 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 154.60 641.25 Td (s commitment remained unfunded and is recorded in accounts payable and accrued expenses within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (liabilities associated with assets held for sale in the accompanying Condensed Consolidated Balance Sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (In December 2018, ) Tj ET Q q 0 0 0 rg BT 132.86 605.25 Td (Amazon signed a lease for space in the new building that is being constructed at ) Tj ET Q q 0 0 0 rg BT 455.64 605.25 Td (The Summit property) Tj ET Q q 0 0 0 rg BT 541.09 605.25 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (is located in Bellevue, ) Tj ET Q q 0 0 0 rg BT 127.18 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 135.82 593.25 Td (ashington. In connection with this lease, the Company committed to fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.10 593.25 Td ($40.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.99 593.25 Td ( of tenant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (inducements, to be paid in future periods. ) Tj ET Q q 0 0 0 rg BT 206.52 581.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.96 581.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.22 581.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.22 581.25 Td ($40.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.12 581.25 Td ( of the Company) Tj ET Q q 0 0 0 rg BT 439.83 581.25 Td (s commitment remained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (unfunded and is recorded in accounts payable and accrued expenses within liabilities associated with assets held for sale in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (accompanying Condensed Consolidated Balance Sheet. See Note 3 Investment Property for more information on the building ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (construction project.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (The Company may be subject to various legal proceedings and claims that arise in the ordinary course of business. ) Tj ET Q q 0 0 0 rg BT 514.81 521.25 Td (These matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (are generally covered by insurance. ) Tj ET Q q 0 0 0 rg BT 180.19 509.25 Td (While the resolution of these matters cannot be predicted with certainty) Tj ET Q q 0 0 0 rg BT 465.55 509.25 Td (, management believes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (final outcome of such matters will not have a material adverse ef) Tj ET Q q 0 0 0 rg BT 294.89 497.25 Td (fect on the Company) Tj ET Q q 0 0 0 rg BT 381.25 497.25 Td (s condensed consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.50 473.25 Td (*****) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item2.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.99 749.25 Td ( Management) Tj ET Q q 0 0 0 rg BT 130.53 749.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 202.12 749.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (The following discussion and analysis of our financial condition and r) Tj ET Q q 0 0 0 rg BT 334.75 725.25 Td (esults of operations should be r) Tj ET Q q 0 0 0 rg BT 460.21 725.25 Td (ead in conjunction with our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (unaudited condensed consolidated financial statements andthe notes ther) Tj ET Q q 0 0 0 rg BT 331.14 713.25 Td (eto included in Item 1 in this Quarterly Report on Form10-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (Q.The following discussion should also be r) Tj ET Q q 0 0 0 rg BT 216.47 701.25 Td (ead in conjunction with our audited consolidated financial statements and the notes ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (ther) Tj ET Q q 0 0 0 rg BT 51.74 689.25 Td (eto and Management) Tj ET Q q 0 0 0 rg BT 143.76 689.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.87 689.25 Td (Analysis of Financial Condition and Results of Operations included in our ) Tj ET Q q 0 0 0 rg BT 520.07 689.25 Td (Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (Report on Form 10-K for the year ended ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.97 677.25 Td (December31, 2018) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.56 677.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (Cautionary NoteRegarding Forward-Looking Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (This Quarterly Report on Form10-Q includes forward-looking statements within the meaning of Section27A) Tj ET Q q 0 0 0 rg BT 492.81 629.25 Td ( of the Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (Act of 1933, as amended, and Section21E of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 317.59 617.25 Td (Act of 1934, as amended \(the Exchange ) Tj ET Q q 0 0 0 rg BT 483.64 617.25 Td (Act\). Such statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (include statements concerning future financial performance and liquidating distributions, future asset dispositions, the timing of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (completion of the Plan of Liquidation and Dissolution \(the Plan of Liquidation\), future debt and financing levels, investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (objectives, payments toHines Global REIT) Tj ET Q q 0 0 0 rg BT 210.23 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.18 581.25 Td (Advisors Limited Partnership \(the Advisor\), and its af) Tj ET Q q 0 0 0 rg BT 436.95 581.25 Td (filiates and other plans and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (objectives of management for future operations or economic performance, or assumptions or forecasts related thereto as well as all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (other statements that are not historical statements. ) Tj ET Q q 0 0 0 rg BT 237.98 557.25 Td (These statements are only predictions. ) Tj ET Q q 0 0 0 rg BT 393.31 557.25 Td (W) Tj ET Q q 0 0 0 rg BT 401.95 557.25 Td (e caution that forward-looking statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (are not guarantees. ) Tj ET Q q 0 0 0 rg BT 113.19 545.25 Td (Actual events or our investments and results of operations could dif) Tj ET Q q 0 0 0 rg BT 383.50 545.25 Td (fer materially from those expressed or implied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.25 Td (in forward-looking statements. Forward-looking statements are typically identified by the use of terms such as may) Tj ET Q q 0 0 0 rg BT 500.79 533.25 Td (, should, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (expect, could, intend, plan, anticipate, estimate, believe, continue, predict, potential or the negative of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (terms and other comparable terminology) Tj ET Q q 0 0 0 rg BT 198.08 509.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.25 Td (The forward-looking statements included in this Quarterly Report on Form10-Q are based on our current expectations, plans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.25 Td (estimates, assumptions and beliefs that involve numerous risks and uncertainties. ) Tj ET Q q 0 0 0 rg BT 362.05 473.25 Td (Assumptions relating to the foregoing involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.25 Td (judgments with respect to, among other things, future economic, competitive and market conditions, the availability of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.25 Td (financing and future business decisions, all of which are dif) Tj ET Q q 0 0 0 rg BT 274.09 449.25 Td (ficult or impossible to predict accurately and many of which are beyond ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.25 Td (our control. ) Tj ET Q q 0 0 0 rg BT 84.60 437.25 Td (Any of the assumptions underlying forward-looking statements could prove to be inaccurate. ) Tj ET Q q 0 0 0 rg BT 458.50 437.25 Td (T) Tj ET Q q 0 0 0 rg BT 463.91 437.25 Td (o the extent that our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (assumptions dif) Tj ET Q q 0 0 0 rg BT 98.88 425.25 Td (fer from actual results, our ability to meet such forward-looking statements, including our ability to generate positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (cash flow from operations, pay additional liquidating distributions to our shareholders and maintain the value of any real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (investments and real estate-related investments in which we may hold an interest, may be significantly hindered.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (The following are some of the risks and uncertainties, which could cause actual results to dif) Tj ET Q q 0 0 0 rg BT 424.26 749.10 Td (fer materially from those presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (certain forward-looking statements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 713.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 713.17 Td (Whether we will be able to complete the sale of all or substantially all of our assets as expected;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 694.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 694.17 Td (Unanticipated dif) Tj ET Q q 0 0 0 rg BT 125.61 694.17 Td (ficulties, expenditures or delays relating to our implementation of our Plan of Liquidation, which may) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 684.17 Td (reduce or delay our payment of additional liquidating distributions to our stockholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 657.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 657.17 Td (Risks associated with the potential response of tenants, business partners and competitors to our adoption and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 647.17 Td (implementation of the Plan of Liquidation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 628.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 628.17 Td (Risks associated with legal proceedings that may be instituted against us and others related to the Plan of Liquidation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 609.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 609.17 Td (Competition for tenants, including competition with af) Tj ET Q q 0 0 0 rg BT 274.48 609.17 Td (filiates of Hines Interests Limited Partnership \(Hines\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 590.17 Td (Our reliance on our ) Tj ET Q q 0 0 0 rg BT 136.25 590.17 Td (Advisor) Tj ET Q q 0 0 0 rg BT 167.99 590.17 Td (, Hines and af) Tj ET Q q 0 0 0 rg BT 223.24 590.17 Td (filiates of Hines for our day-to-day operations and the management of our real) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 580.17 Td (estate investments, and our ) Tj ET Q q 0 0 0 rg BT 166.53 580.17 Td (Advisor) Tj ET Q q 0 0 0 rg BT 198.66 580.17 Td () Tj ET Q q 0 0 0 rg BT 201.90 580.17 Td (s ability to attract and retain high-quality personnel who can provide service at a level) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 570.17 Td (acceptable to us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 551.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 551.17 Td (Risks associated with conflicts of interests that result from our relationship with our ) Tj ET Q q 0 0 0 rg BT 393.72 551.17 Td (Advisor and Hines, as well as conflicts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 541.17 Td (of interests certain of our of) Tj ET Q q 0 0 0 rg BT 167.26 541.17 Td (ficers and directors face relating to the positions they hold with other entities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 523.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 523.17 Td (The potential need to fund tenant improvements, lease-up costs or other capital expenditures, as well as increases in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 513.17 Td (property operating expenses and costs of compliance with environmental matters or discovery of previously undetected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 503.17 Td (environmentally hazardous or other undetected adverse conditions at our properties;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 485.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 485.17 Td (The amount and timing of additional liquidating distributions we may pay is uncertain and cannot be assured;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 467.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 467.17 Td (Risks associated with debt and our ability to secure financing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 449.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 449.17 Td (Risks associated with adverse changes in general economic or local market conditions, including terrorist attacks and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 439.17 Td (acts of violence, which may af) Tj ET Q q 0 0 0 rg BT 178.08 439.17 Td (fect the markets in which we and our tenants operate;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 421.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 421.17 Td (Catastrophic events, such as hurricanes, earthquakes, tornadoes and terrorist attacks; and our ability to secure adequate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 411.17 Td (insurance at reasonable and appropriate rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 393.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 393.17 Td (The failure of any bank in which we deposit our funds could reduce the amount of cash we have available to fund our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 383.17 Td (operating expenses and other capital expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 365.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 365.17 Td (Changes in governmental, tax, real estate and zoning laws and regulations and the related costs of compliance and increases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 355.17 Td (in our administrative operating expenses, including expenses associated with operating as a public company;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 337.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 337.17 Td (International investment risks, including the burden of complying with a wide variety of foreign laws and the uncertainty of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 327.17 Td (such laws, the tax treatment of transaction structures, political and economic instability) Tj ET Q q 0 0 0 rg BT 404.19 327.17 Td (, foreign currency fluctuations, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 317.17 Td (inflation and governmental measures to curb inflation may adversely af) Tj ET Q q 0 0 0 rg BT 341.65 317.17 Td (fect our operations and our ability to make) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 307.17 Td (distributions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 288.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 288.17 Td (The lack of liquidity associated with our assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 270.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 270.17 Td (Our ability to continue to qualify as a real estate investment trust \(REIT\) for U.S. federal income tax purposes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 252.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 252.17 Td (Risks related to the United Kingdom's pending exit from the European Union \(Brexit\), including, but not limited to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 242.17 Td (decline of revenue derived from, and the market value of, our properties located in the United Kingdom and continental) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 232.17 Td (Europe; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 213.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 213.17 Td (Our ability to refinance or sell our properties located in the United Kingdom and continental Europe may be impacted by the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 203.17 Td (economic and political uncertainty following the approval of Brexit by a majority of votes in the United Kingdom in June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 193.17 Td (2016 and the subsequent notice of departure sent by the United Kingdom to the European Union in March 2017,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 183.17 Td (commencing the two-year period of negotiations to determine the terms of the United Kingdom) Tj ET Q q 0 0 0 rg BT 441.18 183.17 Td (s relationship with the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 173.17 Td (European Union after the exit, including, among other things, the terms of trade between the United Kingdom and the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 163.17 Td (European Union. ) Tj ET Q q 0 0 0 rg BT 129.13 163.17 Td (W) Tj ET Q q 0 0 0 rg BT 138.17 163.17 Td (ithout further agreement, the United Kingdom will formally leave the European Union on January 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 153.17 Td (2020.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 124.10 Td (These risks are more fully discussed in, and all forward-looking statements should be read in light of, all of the factors discussed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 112.10 Td (in Risk Factors in our ) Tj ET Q q 0 0 0 rg BT 133.49 112.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.83 112.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.41 112.10 Td (.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (Y) Tj ET Q q 0 0 0 rg BT 60.22 749.10 Td (ou are cautioned not to place undue reliance on any forward-looking statements included in this Quarterly Report on Form10-Q. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (All forward-looking statements are made as of the date of this Quarterly Report on Form10-Q and the risk that actual results will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (dif) Tj ET Q q 0 0 0 rg BT 46.93 725.10 Td (fer materially from the expectations expressed in this Quarterly Report on Form10-Q may increase with the passage of time. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (light of the significant uncertainties inherent in the forward-looking statements included in this Quarterly Report on Form10-Q, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (inclusion of such forward-looking statements should not be regarded as a representation by us or any other person that the objectives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (and plans set forth in this Quarterly Report on Form10-Q will be achieved. ) Tj ET Q q 0 0 0 rg BT 339.55 689.10 Td (All subsequent written and oral forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by reference to these risks and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (uncertainties. Each forward-looking statement speaks only as of the date of the particular statement, and we do not undertake to update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (any forward-looking statement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (Executive Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 131.02 605.10 Td (, Inc. \(Hines Global and, together with its consolidated subsidiaries, we, us or the Company\) was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (incorporated under the Maryland General Corporation Law on December10, 2008, primarily for the purpose of investing in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (diversified portfolio of quality commercial real estate properties and other real estate investments located throughout the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.10 Td (States and internationally) Tj ET Q q 0 0 0 rg BT 136.99 569.10 Td (. Hines Global raised the equity capital for its real estate investments through two public of) Tj ET Q q 0 0 0 rg BT 503.66 569.10 Td (ferings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.10 Td (August 2009 through ) Tj ET Q q 0 0 0 rg BT 122.95 557.10 Td (April 2014, and through its distribution reinvestment plan \(the DRP) Tj ET Q q 0 0 0 rg BT 398.10 557.10 Td ( Of) Tj ET Q q 0 0 0 rg BT 410.97 557.10 Td (fering\) from ) Tj ET Q q 0 0 0 rg BT 466.50 557.10 Td (April through ) Tj ET Q q 0 0 0 rg BT 523.17 557.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (2018. Collectively) Tj ET Q q 0 0 0 rg BT 111.73 545.10 Td (, through its public of) Tj ET Q q 0 0 0 rg BT 197.93 545.10 Td (ferings, Hines Global raised gross of) Tj ET Q q 0 0 0 rg BT 344.38 545.10 Td (fering proceeds of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.89 545.10 Td ($3.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 545.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (including the DRP) Tj ET Q q 0 0 0 rg BT 110.07 533.10 Td ( Of) Tj ET Q q 0 0 0 rg BT 122.94 533.10 Td (fering, all of which was invested in the Company) Tj ET Q q 0 0 0 rg BT 322.62 533.10 Td (s real estate portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 509.10 Td (e invested the proceeds from our public of) Tj ET Q q 0 0 0 rg BT 231.57 509.10 Td (ferings into a diverse portfolio of real estate investments. In recent years, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (concentrated our ef) Tj ET Q q 0 0 0 rg BT 113.00 497.10 Td (forts on actively managing our assets and exploring a variety of strategic opportunities focused on enhancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (the composition of our portfolio and its total return potential for its stockholders. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.17 485.10 Td (April23, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.78 485.10 Td (, in connection with its review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (of potential strategic alternatives available to the Company) Tj ET Q q 0 0 0 rg BT 271.10 473.10 Td (, our board of directors determined that it is in the best interest of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Company and its stockholders to sell all or substantially all of our properties and assets and for the Company to liquidate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (dissolve pursuant to the Plan of Liquidation. ) Tj ET Q q 0 0 0 rg BT 218.30 449.10 Td (The principal purpose of the liquidation is to provide liquidity to our stockholders by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 437.10 Td (selling the Company) Tj ET Q q 0 0 0 rg BT 121.55 437.10 Td (s assets, paying its debts and distributing the net proceeds from liquidation to our stockholders. ) Tj ET Q q 0 0 0 rg BT 505.94 437.10 Td (As required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (by Maryland law and our charter) Tj ET Q q 0 0 0 rg BT 166.94 425.10 Td (, the Plan of Liquidation was approved by the af) Tj ET Q q 0 0 0 rg BT 359.49 425.10 Td (firmative vote of the holders of at least a majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (of the shares of our common stock outstanding and entitled to vote thereon at the Company) Tj ET Q q 0 0 0 rg BT 403.97 413.10 Td (s annual meeting of stockholders held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.50 401.10 Td (July17, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.67 401.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 377.10 Td (In ) Tj ET Q q 0 0 0 rg BT 64.28 377.10 Td (April 2018, our board of directors estimated that, in addition to regular operating distributions paid to our stockholders, if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (we are able to successfully implement the Plan of Liquidation, then after the sale of all or substantially all of our assets and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (payment of all of our outstanding liabilities, we will have made total Return of Capital Distributions to our stockholders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.10 Td (approximately $10.00 to $1) Tj ET Q q 0 0 0 rg BT 146.17 341.10 Td (1.00 per share of the our common stock, consisting of three components: \(i\) the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.64 341.10 Td ($1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.14 341.10 Td ( per share Special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 329.10 Td (Distribution paid to stockholders in January 2018 \(the Special Distribution\); \(ii\) the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.49 329.10 Td ($0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.99 329.10 Td ( per share of return of invested capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (distributions paid to stockholders for the six months ended June 30, 2018 \(the Return of Invested Capital Distributions\); and \(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (the range of liquidating distributions to be made pursuant to the Plan of Liquidation of $8.83 to $9.83 per share, estimated by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (board of directors in ) Tj ET Q q 0 0 0 rg BT 119.31 293.10 Td (April 2018, and we have made liquidating distributions of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.97 293.10 Td ($2.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.47 293.10 Td ( per share to date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.10 Td (From January 2018 through February 2019, we paid Return of Capital Distributions totaling approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.32 269.10 Td ($4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.82 269.10 Td ( per share, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (consisting of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.60 257.10 Td ($1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.10 257.10 Td ( per share Special Distribution, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.46 257.10 Td ($0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.96 257.10 Td ( per share Return of Invested Capital Distributions, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.57 257.10 Td ($0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.07 257.10 Td ( per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (share monthly liquidating distributions paid between ) Tj ET Q q 0 0 0 rg BT 248.75 245.10 Td (August 2018 and January 2019, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.83 245.10 Td ($2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.33 245.10 Td ( per share liquidating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (distribution paid in February 2019. ) Tj ET Q q 0 0 0 rg BT 180.53 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.16 233.10 Td (e expect to make the final liquidating distribution on or before July 17, 2020 \(24 months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (after stockholder approval of the Plan of Liquidation\). However) Tj ET Q q 0 0 0 rg BT 293.85 221.10 Td (, there can be no assurances regarding the timing or amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td (any further liquidating distributions, that we will ultimately pay aggregate liquidating distributions within the range estimated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (our board of directors when it approved the Plan of Liquidation in ) Tj ET Q q 0 0 0 rg BT 302.05 197.10 Td (April 2018, or that we will make the final distribution on or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (before July 17, 2020. In addition, even if we sell all of our assets by July 17, 2020, we may determine not to distribute all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (distributable cash by that date and may establish a reserve to provide for any remaining obligations and to cover our expenses as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (we complete our wind down and dissolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 137.10 Td (At the peak of our acquisition phase, we owned interests in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.83 137.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.83 137.10 Td ( properties. ) Tj ET Q q 0 0 0 rg BT 352.63 137.10 Td (W) Tj ET Q q 0 0 0 rg BT 361.27 137.10 Td (e sold interests in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.48 137.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 137.10 Td ( properties for an aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 125.10 Td (sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.25 125.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.37 125.10 Td ( during 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.48 125.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.48 125.10 Td ( properties for an aggregate sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.18 125.10 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.29 125.10 Td ( during 2018 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.84 125.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.84 125.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 113.10 Td (properties in the first quarter of 2019 for an aggregate sales price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.95 113.10 Td ($477.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.84 113.10 Td (. ) Tj ET Q q 0 0 0 rg BT 374.79 113.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.23 113.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 113.10 Td (, we owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.82 113.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.82 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 101.10 Td (properties in our portfolio that include the following investments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 77.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 77.10 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 103.83 77.10 Td (of) Tj ET Q q 0 0 0 rg BT 111.97 77.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 129.46 77.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 179.73 77.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.06 77.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.06 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.56 77.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 65.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 65.10 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 103.83 65.10 Td (other ) Tj ET Q q 0 0 0 rg BT 126.87 65.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 177.15 65.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.48 65.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.48 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.98 65.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 53.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 53.10 Td (International ) Tj ET Q q 0 0 0 rg BT 116.59 53.10 Td (of) Tj ET Q q 0 0 0 rg BT 124.74 53.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 142.22 53.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 192.50 53.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.83 53.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.83 53.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.33 53.10 Td (investments\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 41.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 41.10 Td (International ) Tj ET Q q 0 0 0 rg BT 116.59 41.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.64 41.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 189.91 41.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.24 41.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.24 41.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.74 41.10 Td (investments\)) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 730.10 Td (Our portfolio is comprised of approximately) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 231.46 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 233.96 730.10 Td (68%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.29 730.10 Td ( domestic and) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 307.83 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 310.33 730.10 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.66 730.10 Td ( international investments and our current investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 718.10 Td (types encompass approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.24 718.10 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.57 718.10 Td ( of) Tj ET Q q 0 0 0 rg BT 195.22 718.10 Td (fice, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.21 718.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.54 718.10 Td ( retail, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.52 718.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.85 718.10 Td ( industrial based on the estimated values of our investments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 706.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 706.10 Td (, which were based on the appraised values of our real estate investments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.82 706.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.41 706.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 682.10 Td (The following table provides additional information regarding each of the properties in which we owned an interest as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 670.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 670.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 596.60 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 596.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 596.60 103.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 596.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 596.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 596.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 596.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 596.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 596.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 596.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 596.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 596.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 596.60 23.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 596.60 16.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 569.60 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 569.60 103.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 569.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 569.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 569.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 569.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 569.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 569.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 569.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 541.60 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 541.60 103.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 541.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 541.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 541.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 541.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 541.60 23.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 541.60 16.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 514.60 126.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 514.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 514.60 103.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 514.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 514.60 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 514.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 514.60 63.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 514.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 514.60 58.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 514.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 514.60 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 514.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 514.60 23.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 514.60 16.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 479.60 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 479.60 103.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 479.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 479.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 479.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 479.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 479.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 479.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 479.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 436.60 233.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 436.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 436.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 436.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 436.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 436.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 436.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 436.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 409.60 233.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 409.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 409.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 409.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 409.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 409.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 409.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 409.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 409.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 409.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 409.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 409.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 381.60 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 381.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 381.60 103.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 381.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 381.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 381.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 381.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 381.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 381.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 381.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 381.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 381.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 381.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 381.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 353.60 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 353.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 353.60 103.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 353.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 353.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 353.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 353.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 353.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 353.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 353.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 353.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 353.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 353.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 353.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 325.60 126.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 325.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 325.60 103.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 325.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 325.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 325.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 325.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 325.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 325.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 325.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 325.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 325.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 325.60 23.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 325.60 16.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 298.60 126.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 298.60 103.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 298.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 298.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 298.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 298.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 298.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 298.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 298.60 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 270.60 233.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 270.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 270.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 270.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 270.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 270.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 270.60 23.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 546.50 270.60 16.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 610.6 m 180.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 610.6 m 287.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 610.6 m 341.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 610.6 m 408.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 610.6 m 470.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 610.6 m 519.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 610.6 m 546.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 546.5 610.6 m 562.5 610.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 596.6 m 180.5 596.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 596.6 m 184.5 596.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 596.6 m 287.5 596.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 555.6 m 546.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 555.6 m 519.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 541.6 m 519.5 541.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 555.6 m 546.5 555.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 541.6 m 546.5 541.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 541.6 m 519.5 541.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 541.6 m 546.5 541.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 514.6 m 180.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 514.6 m 184.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 514.6 m 287.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 436.6 m 519.5 436.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 422.6 m 519.5 422.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 436.6 m 546.5 436.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 422.6 m 546.5 422.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 422.6 m 519.5 422.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 422.6 m 546.5 422.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 395.6 m 180.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 395.6 m 184.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 395.6 m 287.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 339.6 m 519.5 339.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 325.6 m 519.5 325.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 339.6 m 546.5 339.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 325.6 m 546.5 325.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 298.6 m 180.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 298.6 m 184.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 298.6 m 287.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 54.5 298.6 m 180.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 298.6 m 184.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 298.6 m 287.5 298.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 284.6 m 519.5 284.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 270.6 m 519.5 270.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 284.6 m 546.5 284.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 270.6 m 546.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 257.6 m 519.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 255.60000000000002 m 519.5 255.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 257.6 m 546.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 255.60000000000002 m 546.5 255.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 614.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 65.37 614.83 Td (operty) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.00 614.83 Td (Location) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.85 622.83 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.60 614.83 Td (T) Tj ET Q q 0 0 0 rg BT 312.64 614.83 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.65 638.83 Td (Date ) Tj ET Q q 0 0 0 rg BT 368.20 638.83 Td (Acquir) Tj ET Q q 0 0 0 rg BT 392.06 638.83 Td (ed/ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.80 630.83 Td (Net Pur) Tj ET Q q 0 0 0 rg BT 380.53 630.83 Td (chase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.95 622.83 Td (Price \(in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.90 614.83 Td (millions\)) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 387.68 613.69 Td ( ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 388.98 618.46 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.65 638.83 Td (Estimated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.85 630.83 Td (Going-in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 622.83 Td (Capitalization ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.95 614.83 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 446.94 618.46 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.35 630.83 Td (Leasable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.30 622.83 Td (Squar) Tj ET Q q 0 0 0 rg BT 505.13 622.83 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.15 614.83 Td (Feet) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.45 622.83 Td (Per) Tj ET Q q 0 0 0 rg BT 541.29 622.83 Td (cent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 614.83 Td (Leased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 600.83 Td (Domestic Office Investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 600.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.00 600.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.50 600.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.50 600.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.00 600.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 587.85 Td (Campus at Marlborough) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 587.85 Td (Marlborough, Massachusetts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 587.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 587.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.40 587.85 Td (10/201) Tj ET Q q 0 0 0 rg BT 372.47 587.85 Td (1; $103.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 587.85 Td (8.0%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 587.85 Td (531,916) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 587.85 Td (76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 587.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 587.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 573.85 Td (Riverside Center) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 573.85 Td (Boston, Massachusetts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 573.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 573.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 573.85 Td (3/2013; $197.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 573.85 Td (5.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 573.85 Td (509,702) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 573.85 Td (99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 573.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 559.85 Td (The Summit ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 98.78 563.48 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 559.85 Td (Bellevue, ) Tj ET Q q 0 0 0 rg BT 219.36 559.85 Td (W) Tj ET Q q 0 0 0 rg BT 226.52 559.85 Td (ashington) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 559.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 559.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 559.85 Td (3/2015; $316.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 559.85 Td (5.6%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 559.85 Td (539,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 559.85 Td (96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 559.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 545.83 Td (T) Tj ET Q q 0 0 0 rg BT 61.97 545.83 Td (otal for) Tj ET Q q 0 0 0 rg BT 86.63 545.83 Td ( Domestic Office Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.00 545.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 545.85 Td (1,581,194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 545.85 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 545.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 545.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 518.83 Td (Domestic Other) Tj ET Q q 0 0 0 rg BT 110.91 518.83 Td ( Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.00 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.00 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.00 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.00 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 518.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 497.85 Td (Minneapolis Retail Center) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 497.85 Td (Minneapolis, Minnesota) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.40 497.85 Td (Retail) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 505.85 Td (8/2012 &) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.25 497.85 Td (12/2012; $130.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 497.85 Td (6.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 497.85 Td (398,585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 497.85 Td (99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 497.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 497.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 483.85 Td (The Markets at ) Tj ET Q q 0 0 0 rg BT 107.35 483.85 Td (T) Tj ET Q q 0 0 0 rg BT 111.89 483.85 Td (own Center) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 483.85 Td (Jacksonville, Florida) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.40 483.85 Td (Retail) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 483.85 Td (7/2013; $135.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 483.85 Td (5.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 483.85 Td (317,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 483.85 Td (91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 483.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 469.85 Td (The ) Tj ET Q q 0 0 0 rg BT 71.22 469.85 Td (A) Tj ET Q q 0 0 0 rg BT 76.48 469.85 Td (venue at Murfreesboro) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 469.85 Td (Nashville, ) Tj ET Q q 0 0 0 rg BT 221.59 469.85 Td (T) Tj ET Q q 0 0 0 rg BT 226.12 469.85 Td (ennessee) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.40 469.85 Td (Retail) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 469.85 Td (8/2013; $163.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 469.85 Td (6.4%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 469.85 Td (768,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 469.85 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 469.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 440.85 Td (The Rim) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 440.85 Td (San ) Tj ET Q q 0 0 0 rg BT 200.78 440.85 Td (Antonio, ) Tj ET Q q 0 0 0 rg BT 230.71 440.85 Td (T) Tj ET Q q 0 0 0 rg BT 235.24 440.85 Td (exas) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.40 440.85 Td (Retail) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.25 456.85 Td (2/2014, 4/2015,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.25 448.85 Td (12/2015 &) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.25 440.85 Td (12/2016: $285.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 440.85 Td (5.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 440.85 Td (1,044,137) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 440.85 Td (91) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 440.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 426.83 Td (T) Tj ET Q q 0 0 0 rg BT 61.97 426.83 Td (otal for) Tj ET Q q 0 0 0 rg BT 86.63 426.83 Td ( Domestic Other) Tj ET Q q 0 0 0 rg BT 142.47 426.83 Td ( Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 426.85 Td (2,528,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 426.85 Td (93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 426.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 399.83 Td (International Office Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.00 399.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 399.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 385.85 Td (Gogolevsky 1) Tj ET Q q 0 0 0 rg BT 101.52 385.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 385.85 Td (Moscow) Tj ET Q q 0 0 0 rg BT 214.29 385.85 Td (, Russia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 385.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 385.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.40 385.85 Td (8/201) Tj ET Q q 0 0 0 rg BT 372.47 385.85 Td (1; $96.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 385.85 Td (8.9%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 385.85 Td (94,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 385.85 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 385.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 385.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 371.85 Td (New City) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 371.85 Td (W) Tj ET Q q 0 0 0 rg BT 194.23 371.85 Td (arsaw) Tj ET Q q 0 0 0 rg BT 212.31 371.85 Td (, Poland) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 371.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 371.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 371.85 Td (3/2013; $163.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 371.85 Td (7.1%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 371.85 Td (484,591) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 371.85 Td (85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 371.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 357.85 Td (Perspective Dfense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 357.85 Td (Paris, France) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 357.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 357.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 357.85 Td (6/2013; $165.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 357.85 Td (8.5%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 357.85 Td (289,657) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 357.85 Td (56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 357.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 343.85 Td (25 Cabot Square) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 343.85 Td (London, England) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.85 343.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.22 343.85 Td (fice) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.25 343.85 Td (3/2014; $371.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.65 343.85 Td (6.7%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 343.85 Td (479,437) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 343.85 Td (81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 343.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 329.83 Td (T) Tj ET Q q 0 0 0 rg BT 61.97 329.83 Td (otal for) Tj ET Q q 0 0 0 rg BT 86.63 329.83 Td ( International Office Pr) Tj ET Q q 0 0 0 rg BT 167.13 329.83 Td (operties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 329.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 329.85 Td (1,347,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 329.85 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 329.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 329.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 302.83 Td (International Other) Tj ET Q q 0 0 0 rg BT 124.70 302.83 Td ( Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 302.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 302.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.00 288.85 Td (FM Logistic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.00 288.85 Td (Moscow) Tj ET Q q 0 0 0 rg BT 214.04 288.85 Td (, Russia) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.65 288.85 Td (Industrial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.40 288.85 Td (4/201) Tj ET Q q 0 0 0 rg BT 372.33 288.85 Td (1; $70.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.65 288.85 Td (1) Tj ET Q q 0 0 0 rg BT 434.65 288.85 Td (1.2%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 288.85 Td (748,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 288.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 288.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 288.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 274.83 Td (T) Tj ET Q q 0 0 0 rg BT 61.97 274.83 Td (otal for) Tj ET Q q 0 0 0 rg BT 86.63 274.83 Td ( International Other) Tj ET Q q 0 0 0 rg BT 156.26 274.83 Td ( Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.00 274.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 274.85 Td (748,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 274.85 Td (100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 274.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.00 274.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.00 260.83 Td (T) Tj ET Q q 0 0 0 rg BT 61.60 260.83 Td (otal for) Tj ET Q q 0 0 0 rg BT 86.56 260.83 Td ( ) Tj ET Q q 0 0 0 rg BT 88.12 260.83 Td (All Investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.00 260.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 260.85 Td (6,206,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.30 260.85 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 260.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 233.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (For acquisitions denominated in a foreign currency) Tj ET Q q 0 0 0 rg BT 275.74 233.10 Td (, amounts have been translated to U.S. dollars at a rate based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.10 Td (exchange rate in ef) Tj ET Q q 0 0 0 rg BT 147.61 221.10 Td (fect on the acquisition date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 197.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.10 Td (The estimated going-in capitalization rate is determined as of the date of acquisition by dividing the projected property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.10 Td (revenues in excess of expenses for the first fiscal year following the date of acquisition by the net purchase price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (\(excluding closing costs and taxes\). Property revenues in excess of expenses includes all projected operating revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (\(rental income, tenant reimbursements, parking and any other property-related income\) less all projected operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (expenses \(property operating and maintenance expenses, property taxes, insurance and property management fees\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (The projected property revenues in excess of expenses includes assumptions which may not be indicative of the actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.10 Td (future performance of the property) Tj ET Q q 0 0 0 rg BT 210.17 113.10 Td (, and the actual economic performance of each property for our period of ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (may dif) Tj ET Q q 0 0 0 rg BT 102.64 101.10 Td (fer materially from the amounts used in calculating the estimated going-in capitalization rate. ) Tj ET Q q 0 0 0 rg BT 477.89 101.10 Td (These include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td (assumptions, with respect to each property) Tj ET Q q 0 0 0 rg BT 241.86 89.10 Td (, that in-place tenants will continue to perform under their lease agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (during the 12months following our acquisition of the property) Tj ET Q q 0 0 0 rg BT 322.15 77.10 Td (.In addition, with respect to the Minneapolis Retail Center) Tj ET Q q 0 0 0 rg BT 559.47 77.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.10 Td (Riverside Center) Tj ET Q q 0 0 0 rg BT 139.08 65.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.90 65.10 Td (The Markets at ) Tj ET Q q 0 0 0 rg BT 206.75 65.10 Td (T) Tj ET Q q 0 0 0 rg BT 212.16 65.10 Td (own Center) Tj ET Q q 0 0 0 rg BT 258.14 65.10 Td (, the ) Tj ET Q q 0 0 0 rg BT 277.30 65.10 Td (A) Tj ET Q q 0 0 0 rg BT 283.78 65.10 Td (venue at Murfreesboro, and ) Tj ET Q q 0 0 0 rg BT 396.61 65.10 Td (The Summit, the projected property ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 742.10 Td (revenues in excess of expenses include assumptions concerning estimates of timing and rental rates related to re-leasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 730.10 Td (vacant space.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 706.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 706.10 Td (The Summit consists of two Class ) Tj ET Q q 0 0 0 rg BT 210.34 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 217.01 706.10 Td ( of) Tj ET Q q 0 0 0 rg BT 227.66 706.10 Td (fice towers \(Summit I and Summit II\). In 2019, we commenced construction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 694.10 Td (Summit III, a new of) Tj ET Q q 0 0 0 rg BT 155.41 694.10 Td (fice building on the property) Tj ET Q q 0 0 0 rg BT 269.18 694.10 Td (, which will have approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.81 694.10 Td (374,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.31 694.10 Td ( square feet of additional of) Tj ET Q q 0 0 0 rg BT 543.36 694.10 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 682.10 Td (space, which has been 100% pre-leased to a single tenant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 658.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 52.94 658.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 78.03 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 84.33 658.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 634.10 Td (On February 14, 2019, our board of directors determined a net asset value \(NA) Tj ET Q q 0 0 0 rg BT 372.89 634.10 Td (V\) per share of our common stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.84 634.10 Td ($6.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.34 634.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 622.10 Td (of that date. ) Tj ET Q q 0 0 0 rg BT 85.80 622.10 Td (This per share NA) Tj ET Q q 0 0 0 rg BT 158.10 622.10 Td (V) Tj ET Q q 0 0 0 rg BT 165.14 622.10 Td ( is lower than the previously determined estimated per share NA) Tj ET Q q 0 0 0 rg BT 421.55 622.10 Td (V) Tj ET Q q 0 0 0 rg BT 428.59 622.10 Td ( of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.92 622.10 Td ($9.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.42 622.10 Td (as of December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 610.10 Td (2017, primarily as a result of the return of invested capital distributions and liquidating distributions declared by the Company in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 598.10 Td (2018 and 2019, which aggregated to approximately $2.95 per share. ) Tj ET Q q 0 0 0 rg BT 312.96 598.10 Td (The aggregate value of our real estate property investments as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.83 586.10 Td (February14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.43 586.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.98 586.10 Td ($2.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.09 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.04 586.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 243.94 586.10 Td (, we have sold 22 properties since December 31, 2017, with an aggregate sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 574.10 Td (price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.32 574.10 Td ($2.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.43 574.10 Td (. Including the ef) Tj ET Q q 0 0 0 rg BT 186.06 574.10 Td (fect of the sold properties, the aggregate value of our real estate property investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 562.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.25 562.10 Td (1.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.08 562.10 Td ( when compared to the previously determined value of our assets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.17 562.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.75 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.07 562.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.35 562.10 Td (1.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.18 562.10 Td ( net increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 550.10 Td (resulted from a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.03 550.10 Td (4.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.86 550.10 Td ( appreciation in the aggregate values of our real estate property investments as of) Tj ET Q q 0 0 0 rg BT 443.72 550.10 Td (fset by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.10 550.10 Td (2.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.93 550.10 Td ( decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 538.10 Td (resulting from the weakening of the Euro, British pound sterling, and ) Tj ET Q q 0 0 0 rg BT 314.56 538.10 Td (Australian dollar against the U.S. dollar) Tj ET Q q 0 0 0 rg BT 473.14 538.10 Td (. See our Current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 526.10 Td (Report on Form 8-K filed with the SEC on February 14, 2019 for more information on the methodologies used to determine, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 514.10 Td (the limitations of, our NA) Tj ET Q q 0 0 0 rg BT 138.31 514.10 Td (V) Tj ET Q q 0 0 0 rg BT 145.35 514.10 Td ( per share.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 490.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 70.71 490.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 122.10 490.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 466.10 Td (Each of our critical accounting policies involves the use of estimates that require management to make assumptions that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 454.10 Td (subjective in nature. Management relies on its experience, collects historical and current market data, and analyzes these assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 442.10 Td (in order to arrive at what it believes to be reasonable estimates.In addition, application of these accounting policies involves the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 430.10 Td (exercise of judgments regarding assumptions as to future uncertainties. ) Tj ET Q q 0 0 0 rg BT 322.04 430.10 Td (Actual results could materially dif) Tj ET Q q 0 0 0 rg BT 458.48 430.10 Td (fer from these estimates. ) Tj ET Q q 0 0 0 rg BT 558.72 430.10 Td (A) Tj ET Q q 0 0 0 rg BT 565.39 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 418.10 Td (disclosure of our critical accounting policies is included in our ) Tj ET Q q 0 0 0 rg BT 287.60 418.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.94 418.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.52 418.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 406.10 Td (Management) Tj ET Q q 0 0 0 rg BT 90.98 406.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 160.15 406.10 Td (Analysis of Financial Condition and Results of Operations. ) Tj ET Q q 0 0 0 rg BT 399.11 406.10 Td (There have been no changes to our critical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 394.10 Td (accounting policies during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.58 394.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 394.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 370.10 Td (FinancialCondition, ) Tj ET Q q 0 0 0 rg BT 126.30 370.10 Td (Liquidityand ) Tj ET Q q 0 0 0 rg BT 187.44 370.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 221.61 370.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 251.98 370.10 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 358.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 346.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 100.56 346.10 Td (, our most significant demands for funds were related to the purchase of real estate properties and other real estate-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 334.10 Td (related investments. Specifically) Tj ET Q q 0 0 0 rg BT 165.58 334.10 Td (, we funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.01 334.10 Td ($5.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.13 334.10 Td ( of real estate investments using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 334.10 Td ($3.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.76 334.10 Td ( of proceeds from our public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 322.10 Td (of) Tj ET Q q 0 0 0 rg BT 44.15 322.10 Td (ferings, including the DRP) Tj ET Q q 0 0 0 rg BT 150.99 322.10 Td ( of) Tj ET Q q 0 0 0 rg BT 161.64 322.10 Td (ferings, and debt proceeds. ) Tj ET Q q 0 0 0 rg BT 273.92 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.56 322.10 Td (e invested all of the proceeds raised through our public of) Tj ET Q q 0 0 0 rg BT 512.86 322.10 Td (ferings by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 310.10 Td (end of 2015. ) Tj ET Q q 0 0 0 rg BT 90.72 310.10 Td (As a result, any real estate investments we made since that time were funded using proceeds from the dispositions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 298.10 Td (other real estate investments, debt proceeds, or our distribution reinvestment plan. Our significant demands for funds now include the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 286.10 Td (payment of operating expenses and debt service. Generally) Tj ET Q q 0 0 0 rg BT 271.37 286.10 Td (, we expect to meet these operating cash needs using cash flows from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 274.10 Td (operating activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 250.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 103.90 250.10 Td (, as described previously) Tj ET Q q 0 0 0 rg BT 202.12 250.10 Td (, we commenced the Plan of Liquidation in 2018 and sold many of our properties and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 238.10 Td (distributed proceeds from the sale of our properties to our stockholders in the form of liquidating distributions. ) Tj ET Q q 0 0 0 rg BT 483.23 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.87 238.10 Td (e received proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 226.10 Td (from the sale of 28 properties from 2017 through early 2019, which were used to make Return of Capital Distributions totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.89 226.10 Td ($1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 214.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.11 214.10 Td ( from January 2018 through early 2019 \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.83 214.10 Td ($4.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.33 214.10 Td ( per share\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 190.10 Td (Because we have already sold a significant number of assets and our expectation is to sell the remaining assets in the time frame ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 178.10 Td (anticipated under the Plan of Liquidation, we determined to stop paying monthly distributions after December 2018. ) Tj ET Q q 0 0 0 rg BT 505.99 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 514.62 178.10 Td (e intend to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 166.10 Td (fund all future liquidating distributions with proceeds from the sale of our remaining properties in addition to any distributable cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 154.10 Td (from the operating income of our remaining properties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 130.10 Td (e believe that the proper use of leverage can enhance returns on real estate investments. ) Tj ET Q q 0 0 0 rg BT 416.65 130.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.09 130.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.36 130.10 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 118.10 Td (portfolio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.55 118.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.88 118.10 Td (leveraged, based on the values of our real estate investments. ) Tj ET Q q 0 0 0 rg BT 360.90 118.10 Td (At that time, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.77 118.10 Td ($803.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.66 118.10 Td ( of principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 106.10 Td (outstanding under our various loan agreements with a weighted average interest rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.16 106.10 Td (3.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.99 106.10 Td (, including the ef) Tj ET Q q 0 0 0 rg BT 474.56 106.10 Td (fects of related interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 94.10 Td (rate caps. ) Tj ET Q q 0 0 0 rg BT 78.20 94.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.65 94.10 Td (November14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.35 94.10 Td (, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.61 94.10 Td ($751.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 94.10 Td ( of our loans are maturing within a year) Tj ET Q q 0 0 0 rg BT 464.23 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 471.55 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 480.19 94.10 Td (e intend to repay loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 82.10 Td (using proceeds from the sale of our real estate investments, but may refinance them or use proceeds from our revolving credit facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 70.10 Td (with JPMor) Tj ET Q q 0 0 0 rg BT 82.77 70.10 Td (gan Chase Bank, N.A. \(the Revolving Credit Facility\), or other available cash if we are unable to refinance them at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 58.10 Td (satisfactory terms.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td (The discussions below provide additional details regarding our operating, investing, and financing cash flows.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( Cash Flows fr) Tj ET Q q 0 0 0 rg BT 112.81 713.10 Td (om Operating ) Tj ET Q q 0 0 0 rg BT 170.96 713.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (Our real estate properties generate cash flow in the form of rental revenues, which are used to pay direct leasing costs, property-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (level operating expenses and interest payments. Property-level operating expenses consist primarily of salaries and wages of property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (management personnel, utilities, cleaning, insurance, security and building maintenance costs, property management and leasing fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (and property taxes. ) Tj ET Q q 0 0 0 rg BT 114.31 653.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 164.21 653.10 Td (, we pay general and administrative expenses and asset management fees, which also reduce our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (operating cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (Net cash provided by operating activities decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.03 617.10 Td ($30.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.92 617.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.30 617.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.84 617.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.34 617.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 617.10 Td (, as compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (to the same period in the prior year) Tj ET Q q 0 0 0 rg BT 175.83 605.10 Td (, primarily due to our dispositions of 20 properties in 2018 and 2 properties in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 110.31 581.10 Td (om Investing ) Tj ET Q q 0 0 0 rg BT 164.00 581.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (Net cash from investing activitiesprimarily relates to proceeds received from the sales of our real estate investments and capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (expenditures at our properties. Net cash from investing activities increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.79 545.10 Td ($72.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.68 545.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.06 545.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.60 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.10 545.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 533.10 Td ( compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.79 533.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.79 533.10 Td (, primarily due to property sales. ) Tj ET Q q 0 0 0 rg BT 341.48 533.10 Td (Additional details regarding the change between the two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (periods are summarized below) Tj ET Q q 0 0 0 rg BT 157.81 521.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 54 495.7669921875 m 74 495.7669921875 l s q 0 0 0 rg BT 54.00 497.10 Td (2019) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 473.10 Td (e received net proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.52 473.10 Td ($454.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.41 473.10 Td (, primarily from the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.66 473.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.66 473.10 Td ( properties during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.97 473.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.51 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.26 461.10 Td (. See Note 3 Investment Property for additional information regarding the sale of the properties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 449.10 Td (e paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.29 449.10 Td ($56.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.18 449.10 Td ( in capital expenditures primarily at 25 Cabot Square and ) Tj ET Q q 0 0 0 rg BT 392.05 449.10 Td (The Summit.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 54 423.7669921875 m 74 423.7669921875 l s q 0 0 0 rg BT 54.00 425.10 Td (2018) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 401.10 Td (e received proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.81 401.10 Td ($374.2 million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 231.70 408.03 179.11 -9.09 re f /GS0 gs q 0 0 0 rg BT 231.70 401.10 Td ( from the sale of seven properties during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.81 401.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.35 401.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.85 401.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 569.11 401.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 389.10 Td (e paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.29 389.10 Td ($48.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.18 389.10 Td ( in capital expenditures at our operating properties. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 365.10 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 110.31 365.10 Td (om Financing ) Tj ET Q q 0 0 0 rg BT 168.45 365.10 Td (Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (Redemptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td (In December 2018, the Board determined to suspend our share redemption program, ef) Tj ET Q q 0 0 0 rg BT 401.49 317.10 Td (fective February 2, 2019, except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 305.10 Td (redemption requests related to the death or disability of the stockholder) Tj ET Q q 0 0 0 rg BT 320.37 305.10 Td (. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.41 305.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.95 305.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 305.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.72 305.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.16 305.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.16 305.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 293.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 83.66 293.10 Td (, we redeemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.18 293.10 Td ($28.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.08 293.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.51 293.10 Td ($89.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.41 293.10 Td ( in shares of our common stock through our share redemption program.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 269.10 Td (Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 245.10 Td (As described previously) Tj ET Q q 0 0 0 rg BT 150.00 245.10 Td (, we declared distributions of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.11 245.10 Td ($0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.61 245.10 Td ( per share, per year \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.04 245.10 Td ($0.0541667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.54 245.10 Td ( per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (share, per month\) for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.71 233.10 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.30 233.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.25 233.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.29 233.10 Td ($0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.79 233.10 Td ( per share of these distributions were designated as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 190.21 221.10 Td ( invested capital as further described below) Tj ET Q q 0 0 0 rg BT 362.83 221.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 197.10 Td (From January 2018 through February 2019, we paid aggregate Return of Capital Distributions to stockholders totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (approximately $4.00 per share, which represent a return of a portion of the stockholders) Tj ET Q q 0 0 0 rg BT 389.86 185.10 Td ( invested capital. ) Tj ET Q q 0 0 0 rg BT 462.16 185.10 Td (These Return of Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (Distributions reduced the stockholders) Tj ET Q q 0 0 0 rg BT 192.72 173.10 Td ( remaining investment in the Company and were made up of the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.94 149.10 Td ($1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.44 149.10 Td ( per share Special Distribution declared to all stockholders of record as of December 30, 2017 and paid in January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 99.32 137.10 Td (The Special Distribution was funded with a portion of the net proceeds received from the strategic sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.63 137.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 137.10 Td ( assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.10 Td (during 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.10 Td ($0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 113.10 Td ( per share of Return of Invested Capital Distributions declared for the months of January 2018 through June 2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (\(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.59 101.10 Td ($0.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.09 101.10 Td ( per share, per month\), which were designated by our board of directors as a return of a portion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 125.13 89.10 Td ( invested capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 77.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.04 77.10 Td ($0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.54 77.10 Td ( per share of monthly liquidating distributions declared for the months of July 2018 through December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.10 Td (2018 \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 65.10 Td ($0.0541667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.33 65.10 Td ( per share, per month\), which were designated as liquidating distributions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 53.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 53.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.94 53.10 Td ($2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.44 53.10 Td ( per share \(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.39 53.10 Td ($661.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.29 53.10 Td ( as shown in the table below\) liquidating distribution declared to all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 41.10 Td (stockholders of record as of February 13, 2019 and paid in February 2019.) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td (Distributions paid to stockholders \(including those reinvested in stock\) during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.12 737.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.66 737.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.16 737.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.42 737.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 725.10 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.43 725.10 Td ($675.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.32 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.76 725.10 Td ($421.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 725.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 270.31 725.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (The table below contains additional information regarding distributions declared to our stockholders and noncontrolling interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (holders as well as the sources of distribution payments \(all amounts are in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 608.60 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 608.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 608.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 608.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 608.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 608.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 608.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 608.60 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 608.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 608.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 608.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.50 608.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.50 608.60 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 580.60 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 580.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 580.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 580.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 580.60 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 580.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 580.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 580.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.50 580.60 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 524.60 180.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 524.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 524.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 524.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 524.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 524.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 524.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 524.60 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 524.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 524.60 14.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 524.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.50 524.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.50 524.60 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 511.60 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 511.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 511.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 511.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 511.60 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 511.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 511.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 511.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.50 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.50 511.60 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 35.50 483.60 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 483.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 483.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 483.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 483.60 13.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 483.60 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 483.60 14.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 483.60 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 538.50 483.60 37.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 643.6 m 277.5 643.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 643.6 m 281.5 643.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 643.6 m 339.5 643.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 643.6 m 343.5 643.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 643.6 m 401.5 643.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 643.6 m 480.5 643.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 622.6 m 215.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 622.6 m 277.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 622.6 m 339.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 622.6 m 401.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 622.6 m 480.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 622.6 m 534.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 534.5 622.6 m 538.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 622.6 m 575.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 622.6 m 215.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 608.6 m 215.5 608.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 622.6 m 277.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 622.6 m 339.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 622.6 m 401.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 622.6 m 480.5 622.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 608.6 m 215.5 608.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 566.6 m 277.5 566.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 566.6 m 339.5 566.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 566.6 m 401.5 566.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 566.6 m 480.5 566.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 566.6 m 534.5 566.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 566.6 m 575.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 553.6 m 277.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 551.6 m 277.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 553.6 m 339.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 551.6 m 339.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 553.6 m 401.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 551.6 m 401.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 553.6 m 480.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 551.6 m 480.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 553.6 m 534.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 551.6 m 534.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 553.6 m 575.5 553.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 551.6 m 575.5 551.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 538.6 m 215.5 538.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 35.5 524.6 m 215.5 524.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 469.6 m 277.5 469.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 469.6 m 339.5 469.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 469.6 m 401.5 469.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 469.6 m 480.5 469.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 469.6 m 534.5 469.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 469.6 m 575.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 455.6 m 277.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 453.6 m 277.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 455.6 m 339.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 453.6 m 339.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 455.6 m 401.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 453.6 m 401.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 455.6 m 480.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 453.6 m 480.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 455.6 m 534.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 453.6 m 534.5 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 455.6 m 575.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538.5 453.6 m 575.5 453.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 648.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.95 648.05 Td (Stockholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.05 657.05 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 454.38 657.05 Td (olling) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.30 648.05 Td (Inter) Tj ET Q q 0 0 0 rg BT 449.63 648.05 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 650.83 Td (Distributions funded ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.45 642.83 Td (fr) Tj ET Q q 0 0 0 rg BT 511.52 642.83 Td (om Cash Flows ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.45 634.83 Td (Fr) Tj ET Q q 0 0 0 rg BT 514.74 634.83 Td (om Operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.45 626.83 Td (Activities ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 548.44 630.46 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 38.00 626.83 Td (Distributions for) Tj ET Q q 0 0 0 rg BT 94.97 626.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 109.49 626.83 Td (Thr) Tj ET Q q 0 0 0 rg BT 122.68 626.83 Td (ee Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.30 634.83 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.55 626.83 Td (Distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.55 634.83 Td (Distributions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.30 626.83 Td (Reinvested) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 626.83 Td (T) Tj ET Q q 0 0 0 rg BT 351.97 626.83 Td (otal Declar) Tj ET Q q 0 0 0 rg BT 389.07 626.83 Td (ed) Tj ET Q BT /F2 5.20 Tf ET q 0 0 0 rg BT 404.45 630.94 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.00 626.83 Td (T) Tj ET Q q 0 0 0 rg BT 426.60 626.83 Td (otal Declar) Tj ET Q q 0 0 0 rg BT 464.00 626.83 Td (ed) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 613.05 Td (2019) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.00 613.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.00 613.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.00 613.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 613.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.00 613.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 556.50 613.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 599.06 Td (September 30, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 599.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 599.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.00 599.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 599.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 599.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 599.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 599.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 599.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 599.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 599.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 599.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 599.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 585.06 Td (June 30, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 585.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 571.06 Td (March 31, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.75 571.06 Td (661,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 571.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 571.06 Td (661,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 571.06 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 571.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 571.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 571.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 557.05 Td (T) Tj ET Q q 0 0 0 rg BT 43.59 557.05 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 557.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.75 557.06 Td (661,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.00 557.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 557.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 557.06 Td (661,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 557.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 557.06 Td (53) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 557.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 557.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 557.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 529.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.00 529.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.00 529.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.00 529.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 529.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 515.86 Td (December 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 515.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.25 515.86 Td (43,586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.00 515.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 327.00 515.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 515.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 515.86 Td (43,586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 515.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.50 515.86 Td (134) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 515.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 515.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 515.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 515.86 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 502.06 Td (September 30, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.25 502.06 Td (36,970) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 502.06 Td (7,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 502.06 Td (44,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 502.06 Td (1) Tj ET Q q 0 0 0 rg BT 456.75 502.06 Td (1,769) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 483.00 505.96 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 502.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 502.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 502.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 488.06 Td (June 30, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.25 488.06 Td (22,457) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.25 488.06 Td (21,844) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 488.06 Td (44,301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 488.06 Td (52) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 488.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 488.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 488.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 38.00 474.06 Td (March 31, 2018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.25 474.06 Td (22,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.25 474.06 Td (22,294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 474.06 Td (44,420) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.00 474.06 Td (60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 474.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 474.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 474.06 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 38.00 459.05 Td (T) Tj ET Q q 0 0 0 rg BT 43.18 459.05 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.00 459.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.75 459.06 Td (125,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 284.00 459.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 311.25 459.06 Td (51,325) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 459.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 459.06 Td (176,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 459.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.25 459.06 Td (12,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 459.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 459.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 459.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 567.50 459.06 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 431.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 431.10 Td (Includes Return of Capital Distributions as described above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 407.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 407.10 Td (For the three months ended September 30, 2018, distributions declared to noncontrolling interests included a distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 395.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.05 395.10 Td ($1) Tj ET Q q 0 0 0 rg BT 114.68 395.10 Td (1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.57 395.10 Td ( to an af) Tj ET Q q 0 0 0 rg BT 190.88 395.10 Td (filiate of Hines, who was the Company) Tj ET Q q 0 0 0 rg BT 350.01 395.10 Td (s joint venture partner in the ) Tj ET Q q 0 0 0 rg BT 465.35 395.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.99 395.10 Td (aterW) Tj ET Q q 0 0 0 rg BT 497.62 395.10 Td (all joint venture, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 383.10 Td (a result of the sale of ) Tj ET Q q 0 0 0 rg BT 157.90 383.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.54 383.10 Td (aterW) Tj ET Q q 0 0 0 rg BT 190.16 383.10 Td (all Place.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 359.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 359.10 Td (In prior periods, our cash flows from operations were insuf) Tj ET Q q 0 0 0 rg BT 307.87 359.10 Td (ficient to fund distributions to stockholders. ) Tj ET Q q 0 0 0 rg BT 485.17 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 493.81 359.10 Td (e funded the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 347.10 Td (remaining distributions from proceeds from the sales of our real estate investments in the then-current and prior periods, and/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 335.10 Td (or cash flows from financing activities. Starting with the three months ended September 30, 2018, all distributions have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 323.10 Td (Return of Capital Distributions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 299.10 Td (Debt Financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 275.10 Td (e have utilized permanent mortgage financing to leverage returns on our real estate investments and have used borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 263.10 Td (under our Revolving Credit Facility to provide funding for near) Tj ET Q q 0 0 0 rg BT 289.91 263.10 Td (-term working capital needs. ) Tj ET Q q 0 0 0 rg BT 408.76 263.10 Td (As mentioned previously) Tj ET Q q 0 0 0 rg BT 508.66 263.10 Td (, our portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 251.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.05 251.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.38 251.10 Td ( leveraged as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.90 251.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.17 251.10 Td ( \(based on the values of our real estate investments\) with a weighted average interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 239.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.83 239.10 Td (3.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.66 239.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 215.10 Td (Below is additional information regarding our loan activities for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.82 215.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.36 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.86 215.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.12 215.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.56 215.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.56 215.10 Td (. See Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 203.10 Td (4 Debt Financing for additional information regarding our outstanding debt: ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 54 177.76699218750002 m 74 177.76699218750002 l s q 0 0 0 rg BT 54.00 179.10 Td (2019) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 155.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 155.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 155.10 Td (e borrowed approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.66 155.10 Td ($280.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.55 155.10 Td ( and made payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.80 155.10 Td ($75.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.69 155.10 Td ( under our Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 541.85 155.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 143.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 143.10 Td (e made a payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.43 143.10 Td ($65.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.33 143.10 Td ( to pay in full the mortgage loan for Minneapolis Retail Center in ) Tj ET Q q 0 0 0 rg BT 483.32 143.10 Td (August 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 131.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 131.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 131.10 Td (e made payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.39 131.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.28 131.10 Td ( related to deferred financing costs due to the refinancing of the Revolving Credit Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 119.10 Td (in March 2019. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 54 93.76699218750002 m 74 93.76699218750002 l s q 0 0 0 rg BT 54.00 95.10 Td (2018) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 71.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 71.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 71.10 Td (e borrowed approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.66 71.10 Td ($337.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.55 71.10 Td ( and made payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.80 71.10 Td ($241.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.69 71.10 Td ( under our Revolving Credit Facility) Tj ET Q q 0 0 0 rg BT 546.85 71.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 59.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 59.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 59.10 Td (e made a payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.43 59.10 Td ($28.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.33 59.10 Td ( to pay in full the mortgage loan for 100 Brookes in January 2018.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 749.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 749.10 Td (e made a payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.43 749.10 Td ($44.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.33 749.10 Td ( to pay in full the secured mortgage loan related to ) Tj ET Q q 0 0 0 rg BT 424.24 749.10 Td (W) Tj ET Q q 0 0 0 rg BT 432.88 749.10 Td (aterW) Tj ET Q q 0 0 0 rg BT 456.50 749.10 Td (all Place upon the sale of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 737.10 Td (property in September 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 725.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 725.10 Td (e made a payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.43 725.10 Td ($170.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.33 725.10 Td ( to pay in full the mortgage loan for ) Tj ET Q q 0 0 0 rg BT 370.38 725.10 Td (The Summit in September 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 713.10 Td (e made payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.39 713.10 Td ($7.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.28 713.10 Td ( on our remaining outstanding mortgage loans.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Results of Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (Same-stor) Tj ET Q q 0 0 0 rg BT 94.18 725.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.94 725.25 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td (The following table presents the property-level revenues in excess of expenses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.71 701.25 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.02 701.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.52 701.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.79 701.25 Td (, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.29 689.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.29 689.25 Td (, by reportable segment. Same-store properties for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.50 689.25 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.81 689.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.31 689.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 565.57 689.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.93 677.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.93 677.25 Td ( properties that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.34 677.25 Td (90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.67 677.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.11 677.25 Td (86%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.44 677.25 Td ( leased as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.09 677.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.35 677.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.79 677.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.05 677.25 Td ( \(amounts in thousands, except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (for percentages\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 582.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 582.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 582.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 582.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 582.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 552.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 552.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 552.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 552.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 552.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 522.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 522.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 522.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 522.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 522.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 492.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 492.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 492.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 492.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 492.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 492.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 492.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 492.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 462.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 462.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 462.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 462.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 462.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 432.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 432.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 432.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 432.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 432.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 402.75 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 402.75 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 402.75 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 402.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 402.75 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 372.75 221.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 372.75 95.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 372.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 372.75 90.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 372.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 372.75 61.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 372.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 372.75 61.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 627.75 m 352.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 627.75 m 356.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 627.75 m 446.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 627.75 m 511.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 627.75 m 515.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 627.75 m 576.5 627.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 612.75 m 352.5 612.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 612.75 m 446.5 612.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 612.75 m 511.5 612.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 612.75 m 576.5 612.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 522.75 m 352.5 522.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 522.75 m 446.5 522.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 522.75 m 511.5 522.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 522.75 m 576.5 522.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 492.75 m 352.5 492.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 492.75 m 446.5 492.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 492.75 m 511.5 492.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 492.75 m 576.5 492.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 478.75 m 352.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 476.75 m 352.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 478.75 m 446.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 476.75 m 446.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 478.75 m 511.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 476.75 m 511.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 478.75 m 576.5 478.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 476.75 m 576.5 476.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 632.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.30 632.43 Td (Thr) Tj ET Q q 0 0 0 rg BT 290.88 632.43 Td (ee Months Ended September) Tj ET Q q 0 0 0 rg BT 413.75 632.43 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.60 632.43 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 617.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 617.43 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 617.43 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 617.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.50 617.43 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 602.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 49.37 602.43 Td (operty r) Tj ET Q q 0 0 0 rg BT 83.89 602.43 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.21 602.43 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 209.71 606.96 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 602.42 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 39.00 587.46 Td (Same-stor) Tj ET Q q 0 0 0 rg BT 79.37 587.46 Td (e pr) Tj ET Q q 0 0 0 rg BT 94.83 587.46 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 572.42 Td (Domestic of) Tj ET Q q 0 0 0 rg BT 94.06 572.42 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 572.42 Td (10,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 572.42 Td (8,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 572.42 Td (1,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 572.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 572.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 557.42 Td (Domestic other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 557.42 Td (1) Tj ET Q q 0 0 0 rg BT 326.15 557.42 Td (1,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 557.42 Td (12,291) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.30 557.47 Td (\(529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.95 557.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 557.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 542.42 Td (International of) Tj ET Q q 0 0 0 rg BT 106.83 542.42 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 542.42 Td (6,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 542.42 Td (3,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 542.42 Td (2,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 542.42 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 542.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 527.42 Td (International other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 527.42 Td (1,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 527.42 Td (643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 527.42 Td (366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 527.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 527.42 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 512.46 Td (T) Tj ET Q q 0 0 0 rg BT 55.64 512.46 Td (otal same-stor) Tj ET Q q 0 0 0 rg BT 112.77 512.46 Td (e pr) Tj ET Q q 0 0 0 rg BT 128.23 512.46 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 512.42 Td (29,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 512.42 Td (25,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 512.42 Td (4,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 512.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 512.42 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 39.00 497.46 Td (Disposed pr) Tj ET Q q 0 0 0 rg BT 87.24 497.46 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.30 497.47 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 497.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 497.42 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 497.47 Td (\(22,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 497.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 497.42 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 482.43 Td (T) Tj ET Q q 0 0 0 rg BT 45.21 482.43 Td (otal pr) Tj ET Q q 0 0 0 rg BT 73.27 482.43 Td (operty r) Tj ET Q q 0 0 0 rg BT 107.80 482.43 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 482.42 Td (29,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 482.42 Td (47,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 482.47 Td (\(17,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 482.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 482.47 Td (\(37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 482.42 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 452.43 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 452.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 437.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 437.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 437.42 Td (4,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 437.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 437.42 Td (24,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 437.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 437.47 Td (\(20,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 437.47 Td (\(83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 437.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 422.42 Td (Impairment losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 422.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 422.42 Td (78,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 422.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 422.42 Td (4,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 422.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 422.42 Td (73,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.75 422.42 Td (1,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 422.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 407.42 Td (Gain \(loss\) on sale of real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 407.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 407.42 Td (144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 407.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 407.42 Td (157,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 407.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 407.47 Td (\(157,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 407.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 407.42 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 392.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 392.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 392.42 Td (7,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 392.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 392.42 Td (15,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 392.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 392.47 Td (\(8,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 392.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 392.47 Td (\(54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 392.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 377.42 Td (Income tax provision \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 377.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 377.42 Td (1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 377.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 377.42 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 377.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 377.42 Td (1,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.75 377.42 Td (1,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 377.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 363.32 Td (Provision for income taxes related to sale of real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 353.32 Td (estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 354.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 354.42 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 354.47 Td (\(3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 354.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.95 354.42 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 354.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 326.25 Td (* Not a meaningful percentage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 302.25 Td (Property revenues in excess of expenses include total revenues less property operating expenses, real property taxes, and property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 290.25 Td (management fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 266.25 Td (In total, property revenues in excess of expenses of our same-store properties increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.04 266.25 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.37 266.25 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.75 266.25 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.06 266.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 254.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 254.25 Td ( as compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.51 254.25 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.82 254.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.32 254.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.59 254.25 Td (. Set forth below is a description of the significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 242.25 Td (variances in our property revenues in excess of expenses at our same-store properties: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 212.25 Td (Domestic office investments:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 90.00 192.09 cm /I15 Do Q q 0 0 0 rg BT 94.00 194.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 194.25 Td (Revenues in excess of expenses of Riverside Center increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.75 194.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.64 194.25 Td ( primarily due to increased occupancy) Tj ET Q q 0 0 0 rg BT 559.43 194.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 182.25 Td (Riverside Center was 99% leased at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.06 182.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.33 182.25 Td ( compared to 86% at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.58 182.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.84 182.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 90.00 162.09 cm /I16 Do Q q 0 0 0 rg BT 94.00 164.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 164.25 Td (Revenues in excess of expenses of ) Tj ET Q q 0 0 0 rg BT 248.33 164.25 Td (The Summit increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.81 164.25 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.70 164.25 Td (, primarily due to leasing activity with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 152.25 Td (favorable lease terms at the property in May 2019. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 134.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 116.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 116.25 Td (International office investments:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 90.00 96.09 cm /I17 Do Q q 0 0 0 rg BT 94.00 98.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 98.25 Td (Revenues in excess of expenses of 25 Cabot Square increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.92 98.25 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.81 98.25 Td ( primarily due to increased occupancy) Tj ET Q q 0 0 0 rg BT 558.60 98.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 86.25 Td (Cabot was 81% leased at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.47 86.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.73 86.25 Td (, compared to 59% at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.48 86.25 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.75 86.25 Td (, due to leasing activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 74.25 Td (following the completion of portions of the redevelopment project at the property in 2019. ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (Other changes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.10 Td (The decrease in depreciation and amortization is partially due to the sales of an aggregate of 22 of our properties from January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (2018 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.11 713.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.37 713.10 Td (. In addition, no depreciation or amortization was recorded after July 2019 due to our properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (being classified as held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.11 677.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.42 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.92 677.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.18 677.10 Td (, we recorded impairment char) Tj ET Q q 0 0 0 rg BT 368.44 677.10 Td (ges totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.33 677.10 Td ($78.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.22 677.10 Td ( on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.22 677.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.88 677.10 Td ( of our properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (\(in connection with designating our remaining properties as held for sale\). ) Tj ET Q q 0 0 0 rg BT 337.12 665.10 Td (The amount of the impairment char) Tj ET Q q 0 0 0 rg BT 478.84 665.10 Td (ges represents the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (amount by which the carrying value exceeded the estimated net realizable value for each of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.93 653.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.59 653.10 Td ( properties. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.69 653.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 641.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.33 641.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.59 641.10 Td (, we determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.72 641.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.16 641.10 Td ( of our investment properties was impaired based on deteriorating market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 84.61 629.10 Td (As a result, an impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.81 629.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.70 629.10 Td ( was recorded to write down its carrying value to its fair value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 617.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (The gain on sale of real estate investments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.99 593.10 Td ($157.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.88 593.10 Td ( was primarily due to the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.96 593.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.62 593.10 Td ( real estate investments during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.72 581.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.03 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.53 581.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.79 581.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.29 581.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.51 581.10 Td ( real estate investments were sold during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.27 581.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.53 581.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (The decrease in interest expense is due to having less outstanding debt during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.69 557.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.50 557.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.76 557.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.92 545.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.23 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.73 545.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.99 545.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.10 Td (The increase in income tax provision from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.16 521.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.47 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.97 521.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.24 521.10 Td ( to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.73 521.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.04 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.54 521.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 509.10 Td ( is primarily due to a valuation allowance recorded against a deferred tax asset at a property recorded during the period and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 497.10 Td (fect of the sale of our properties in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 473.10 Td (The provision for income taxes related to sale of real estate is due to taxes recognized upon the sale of German Logistics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (Properties in ) Tj ET Q q 0 0 0 rg BT 88.77 461.10 Td (August 2018 for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.54 461.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.85 461.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.35 461.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.62 461.10 Td (. No provision for income taxes related to sale of real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (was recorded for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.40 449.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.71 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.21 449.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.48 449.10 Td (.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (The following table presents the property-level revenues in excess of expenses for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.71 749.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.25 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.75 749.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.02 749.10 Td (, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (compared to the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.29 737.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.29 737.10 Td (, by reportable segment. Same-store properties for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.50 737.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.04 737.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.54 737.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.80 737.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.93 725.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.93 725.10 Td ( properties that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.34 725.10 Td (90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.67 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.11 725.10 Td (86%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.44 725.10 Td ( leased as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.09 725.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.35 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.79 725.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.05 725.10 Td (, \(amounts in thousands, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (except for percentages\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 630.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 630.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 630.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 630.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 630.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 600.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 600.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 600.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 600.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 600.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 570.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 570.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 570.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 570.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 570.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 540.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 540.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 540.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 540.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 540.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 510.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 510.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 510.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 510.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 510.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 480.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 480.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 480.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 480.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 480.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 480.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 450.60 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 450.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 450.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 450.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 450.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 450.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 420.60 221.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 420.60 95.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 420.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 420.60 90.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 420.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 420.60 61.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 420.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 420.60 61.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 675.6 m 352.5 675.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 675.6 m 356.5 675.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 675.6 m 446.5 675.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 675.6 m 511.5 675.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 675.6 m 515.5 675.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 675.6 m 576.5 675.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 660.6 m 352.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 660.6 m 446.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 660.6 m 511.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 660.6 m 576.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 570.6 m 352.5 570.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 570.6 m 446.5 570.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 570.6 m 511.5 570.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 570.6 m 576.5 570.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 540.6 m 352.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 540.6 m 446.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 540.6 m 511.5 540.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 540.6 m 576.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 526.6 m 352.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 524.6 m 352.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 526.6 m 446.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 524.6 m 446.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 526.6 m 511.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 524.6 m 511.5 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 526.6 m 576.5 526.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 524.6 m 576.5 524.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 680.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.00 680.28 Td (Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 411.08 680.28 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.60 680.28 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 665.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 665.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.00 665.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 665.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.50 665.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 650.28 Td (Pr) Tj ET Q q 0 0 0 rg BT 49.37 650.28 Td (operty r) Tj ET Q q 0 0 0 rg BT 83.89 650.28 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.21 650.28 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 209.71 654.81 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 650.27 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 39.00 635.31 Td (Same-stor) Tj ET Q q 0 0 0 rg BT 79.37 635.31 Td (e pr) Tj ET Q q 0 0 0 rg BT 94.83 635.31 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 620.27 Td (Domestic of) Tj ET Q q 0 0 0 rg BT 94.06 620.27 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 620.27 Td (27,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 620.27 Td (27,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 620.27 Td (397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 620.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 620.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 605.27 Td (Domestic other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 605.27 Td (34,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 605.27 Td (38,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 605.32 Td (\(4,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 605.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 605.32 Td (\(1) Tj ET Q q 0 0 0 rg BT 559.28 605.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 605.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 590.27 Td (International of) Tj ET Q q 0 0 0 rg BT 106.83 590.27 Td (fice investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 590.27 Td (18,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 590.27 Td (12,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 590.27 Td (5,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 590.27 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 590.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 575.27 Td (International other investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 575.27 Td (2,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 575.27 Td (2,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 575.27 Td (238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.30 575.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 575.27 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 560.31 Td (T) Tj ET Q q 0 0 0 rg BT 55.64 560.31 Td (otal same-stor) Tj ET Q q 0 0 0 rg BT 112.77 560.31 Td (e pr) Tj ET Q q 0 0 0 rg BT 128.23 560.31 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 560.27 Td (83,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 560.27 Td (81,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 560.27 Td (1,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.30 560.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 560.27 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 39.00 545.31 Td (Disposed pr) Tj ET Q q 0 0 0 rg BT 87.24 545.31 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.65 545.27 Td (504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 545.27 Td (70,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 545.32 Td (\(70,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 545.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.00 545.27 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 530.28 Td (T) Tj ET Q q 0 0 0 rg BT 45.21 530.28 Td (otal pr) Tj ET Q q 0 0 0 rg BT 73.27 530.28 Td (operty r) Tj ET Q q 0 0 0 rg BT 107.80 530.28 Td (evenues in excess of expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 530.27 Td (83,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 530.27 Td (152,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 530.32 Td (\(68,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 530.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 530.32 Td (\(45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 530.27 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 500.28 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.00 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 485.27 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 485.27 Td (30,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 485.27 Td (88,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 485.32 Td (\(57,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 485.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 485.32 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 485.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 470.27 Td (Impairment losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 470.27 Td (85,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 470.27 Td (9,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 470.27 Td (75,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 470.27 Td (809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 567.65 470.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 455.27 Td (Gain on sale of real estate investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 455.27 Td (190,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 455.27 Td (216,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 455.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 455.32 Td (\(25,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 455.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 455.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 455.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 440.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 440.27 Td (22,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 440.27 Td (45,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 440.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.80 440.32 Td (\(23,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 440.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 440.32 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 440.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 425.27 Td (Income tax provision \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 425.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 425.27 Td (1,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 425.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 425.32 Td (\(1,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 425.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 425.27 Td (2,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.95 425.27 Td (\(174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 425.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 411.17 Td (Provision for income taxes related to sale of real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 401.17 Td (estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 402.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.80 402.32 Td (\(3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.95 402.27 Td (\(100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 402.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 374.10 Td (* Not a meaningful percentage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 350.10 Td (Property revenues in excess of expenses include total revenues less property operating expenses, real property taxes, and property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 338.10 Td (management fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 314.10 Td (In total, property revenues in excess of expenses of our same-store properties increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.04 314.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.37 314.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.75 314.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.29 314.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 302.10 Td ( as compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.51 302.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.05 302.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.55 302.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.82 302.10 Td (. Set forth below is a description of the significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.10 Td (variances in our property revenues in excess of expenses at our same-store properties: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 278.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 260.10 Td (Domestic other) Tj ET Q q 0 0 0 rg BT 136.52 260.10 Td ( investments:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 90.00 239.94 cm /I18 Do Q q 0 0 0 rg BT 94.00 242.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 242.10 Td (Revenues in excess of expenses of the Markets at ) Tj ET Q q 0 0 0 rg BT 308.03 242.10 Td (T) Tj ET Q q 0 0 0 rg BT 313.44 242.10 Td (own Center decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.24 242.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.13 242.10 Td ( primarily due to the write-of) Tj ET Q q 0 0 0 rg BT 569.30 242.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 230.10 Td (of below-market lease intangibles, related to an anchor tenant vacating the property in June 2018.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 90.00 209.94 cm /I19 Do Q q 0 0 0 rg BT 94.00 212.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 212.10 Td (Revenues in excess of expenses of ) Tj ET Q q 0 0 0 rg BT 248.33 212.10 Td (The Rim decreased $0.5 million primarily due to decreased occupancy) Tj ET Q q 0 0 0 rg BT 530.36 212.10 Td (. ) Tj ET Q q 0 0 0 rg BT 537.68 212.10 Td (The Rim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 200.10 Td (was 91% leased at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.08 200.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.35 200.10 Td ( compared to 94% leased at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.08 200.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.35 200.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 164.10 Td (International office investments:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 90.00 143.94 cm /I20 Do Q q 0 0 0 rg BT 94.00 146.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 146.10 Td (Revenues in excess of expenses of 25 Cabot Square increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.92 146.10 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.81 146.10 Td ( primarily due to increased occupancy) Tj ET Q q 0 0 0 rg BT 558.60 146.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 134.10 Td (Cabot was 81% leased at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.47 134.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.73 134.10 Td (, compared to 59% at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.48 134.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.75 134.10 Td (, due to leasing activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 122.10 Td (following the completion of portions of the redevelopment project at the property in 2019. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 104.10 Td (Other changes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 80.10 Td (The decrease in depreciation and amortization is partially due to the sale of an aggregate of 22 of our properties from January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 68.10 Td (2018 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.11 68.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.37 68.10 Td (. In addition, no depreciation or amortization was recorded from ) Tj ET Q q 0 0 0 rg BT 433.68 68.10 Td (August through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.68 68.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 56.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 56.10 Td ( due to our properties being classified as held for sale.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.11 749.10 Td (three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.42 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.92 749.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.18 749.10 Td (, we recorded impairment char) Tj ET Q q 0 0 0 rg BT 368.44 749.10 Td (ges totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.33 749.10 Td ($78.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.22 749.10 Td ( on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.22 749.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.88 749.10 Td ( of our properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (\(in connection with designating our remaining properties as held for sale\). ) Tj ET Q q 0 0 0 rg BT 337.12 737.10 Td (The amount of the impairment char) Tj ET Q q 0 0 0 rg BT 478.84 737.10 Td (ges represents the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (amount by which the carrying value exceeded the estimated net realizable value for each of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.93 725.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.59 725.10 Td ( properties. ) Tj ET Q q 0 0 0 rg BT 493.03 725.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 542.93 725.10 Td (, for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (six months ended June 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.33 713.10 Td (, we determined that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.46 713.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.90 713.10 Td ( of our investment properties was impaired based on deteriorating market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 84.61 701.10 Td (As a result, an impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.81 701.10 Td ($7.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.70 701.10 Td ( was recorded to write down its carrying value to its fair value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (June30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 689.10 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.44 689.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.98 689.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.48 689.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.74 689.10 Td (, we determined that two of our investment properties were impaired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (based on deteriorating market conditions. ) Tj ET Q q 0 0 0 rg BT 206.23 677.10 Td (As a result, an impairment loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.43 677.10 Td ($9.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.32 677.10 Td ( was recorded to write down their carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (value to their fair value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.45 665.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.71 665.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (The gain on sale of real estate investments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.99 641.10 Td ($190.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.88 641.10 Td ( is primarily due to the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.08 641.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.08 641.10 Td ( of our properties during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.05 641.10 Td (nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.83 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.33 629.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.59 629.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.91 629.10 Td (The gain on sale of real estate investments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.90 629.10 Td ($216.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.79 629.10 Td ( is primarily due to the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.99 629.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.53 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (properties during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.81 617.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.35 617.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.85 617.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.12 617.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 593.10 Td (The decrease in interest expense is due to having less outstanding debt during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.69 593.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.23 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.73 593.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 593.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.92 581.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.46 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.96 581.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.22 581.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (The change from income tax benefit for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.59 557.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.13 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.63 557.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.90 557.10 Td ( to income tax provision for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.48 557.10 Td (nine months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.88 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.38 545.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.64 545.10 Td ( is primarily due to a valuation allowance recorded against a deferred tax asset at a property recorded during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (the period and the ef) Tj ET Q q 0 0 0 rg BT 118.01 533.10 Td (fect of the sale of our properties in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 509.10 Td (The provision for income taxes related to sale of real estate is due to taxes recognized upon the sale of German Logistics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.10 Td (Properties in ) Tj ET Q q 0 0 0 rg BT 88.77 497.10 Td (August 2018 for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.54 497.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.08 497.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.58 497.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.85 497.10 Td (. No provision for income taxes related to sale of real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.10 Td (was recorded for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.40 485.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.95 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.45 485.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.71 485.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 461.10 Td (Other Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.10 Td (The tables below provide details relating to our asset management, general and administrative expenses, and foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.10 Td (gains \(losses\) for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.54 425.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.18 425.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 425.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.27 425.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.71 425.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.71 425.10 Td (. ) Tj ET Q q 0 0 0 rg BT 365.65 425.10 Td (All amounts in thousands, except percentages:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 363.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 363.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 363.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 363.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 363.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 363.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 363.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 363.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 333.60 237.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 333.60 82.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 333.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 333.60 77.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 333.60 6.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 333.60 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 333.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 333.60 65.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 262.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 262.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 262.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 262.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 262.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 262.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 232.60 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 232.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 232.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 232.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 232.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 232.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 378.6 m 355.5 378.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 378.6 m 359.5 378.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 378.6 m 436.5 378.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 378.6 m 507.5 378.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 378.6 m 511.5 378.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 378.6 m 576.5 378.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 363.6 m 355.5 363.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 363.6 m 436.5 363.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 363.6 m 507.5 363.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 363.6 m 576.5 363.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 277.6 m 355.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 277.6 m 359.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 277.6 m 436.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 277.6 m 507.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 277.6 m 511.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 277.6 m 576.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 277.6 m 355.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 262.6 m 355.5 262.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 277.6 m 359.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 277.6 m 436.5 277.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 262.6 m 436.5 262.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 262.6 m 507.5 262.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 262.6 m 576.5 262.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 383.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.30 383.28 Td (Thr) Tj ET Q q 0 0 0 rg BT 293.88 383.28 Td (ee Months Ended September) Tj ET Q q 0 0 0 rg BT 416.75 383.28 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 383.28 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 368.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 368.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 368.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 368.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.50 368.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 353.27 Td (Asset management fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 353.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 353.27 Td (6,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 353.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 353.27 Td (8,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 353.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 353.32 Td (\(2,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 353.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 353.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 353.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 338.27 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 338.27 Td (1,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 338.27 Td (2,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 338.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 338.32 Td (\(280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 338.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 338.32 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 338.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 322.27 Td (Foreign currency gains \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 322.32 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 322.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 322.27 Td (3,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 322.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 322.32 Td (\(7,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 322.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.95 322.27 Td (\(196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 322.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 282.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.00 282.28 Td (Nine Months Ended September) Tj ET Q q 0 0 0 rg BT 414.08 282.28 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.60 282.28 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 267.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.00 267.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 267.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 267.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.50 267.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 252.27 Td (Asset management fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 252.27 Td (20,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 252.27 Td (26,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 252.32 Td (\(6,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 252.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 252.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 252.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 237.27 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 237.27 Td (6,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 237.27 Td (8,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 237.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 237.32 Td (\(1,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 237.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 237.32 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 237.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 222.27 Td (Foreign currency gains \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 222.32 Td (\(2,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.80 222.32 Td (\(4,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 222.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 222.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 222.27 Td (1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.95 222.32 Td (\(41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 564.30 222.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 194.10 Td (The changes identified in the tables above are primarily due to the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 164.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 164.10 Td (e pay monthly asset management fees to the ) Tj ET Q q 0 0 0 rg BT 258.92 164.10 Td (Advisor based on an annual fee of 1.5% of the net equity capital invested in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 152.10 Td (real estate. ) Tj ET Q q 0 0 0 rg BT 119.20 152.10 Td (Asset management fees for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.98 152.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.62 152.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.45 152.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.71 152.10 Td ( were lower as compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 140.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.64 140.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.47 140.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.73 140.10 Td ( due to the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.04 140.10 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.04 140.10 Td ( of our properties during 2018 and the first quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 128.10 Td (2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 101.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (General and administrative expenses include legal and accounting fees, printing and mailing costs, insurance costs, costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.10 Td (expenses associated with our board of directors and other administrative expenses. General and administrative expenses for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.72 77.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.36 77.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.18 77.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.45 77.10 Td ( were lower as compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.89 77.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.53 77.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 65.10 Td (September30, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.26 65.10 Td ( as a result of higher professional fees incurred during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.24 65.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.88 65.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.71 65.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 53.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 53.10 Td ( relating to the Plan of Liquidation, as well as decreased costs as a result of the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.01 53.10 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.01 53.10 Td ( of our properties during 2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 41.10 Td (and the first quarter of 2019.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 734.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 734.10 Td (See below for a description of the changes related to foreign currency gains \(losses\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 710.10 Td (For) Tj ET Q q 0 0 0 rg BT 68.63 710.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 107.43 710.10 Td (ency Gains \(Losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 686.10 Td (Our international real estate investments use functional currencies other than the U.S. dollar) Tj ET Q q 0 0 0 rg BT 421.10 686.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.92 686.10 Td (The financial statements for these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 674.10 Td (subsidiaries are translated into U.S. dollars for reporting purposes. ) Tj ET Q q 0 0 0 rg BT 303.17 674.10 Td (Assets and liabilities are translated at the exchange rate in ef) Tj ET Q q 0 0 0 rg BT 544.55 674.10 Td (fect as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 662.10 Td (of the balance sheet date while income statement amounts are translated using the average exchange rate for the period and significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 650.10 Td (nonrecurring transactions using the rate on the transaction date. Gains or losses resulting from translation are included in accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 638.10 Td (other comprehensive income \(loss\) within stockholders) Tj ET Q q 0 0 0 rg BT 259.93 638.10 Td ( equity) Tj ET Q q 0 0 0 rg BT 286.77 638.10 Td (. By contrast, gains and losses related to transactions denominated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 626.10 Td (currencies other than an entity) Tj ET Q q 0 0 0 rg BT 159.84 626.10 Td (s functional currency are recorded in foreign currency gains \(losses\) on the Condensed Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 614.10 Td (Statement of Operations and Comprehensive Income \(Loss\). ) Tj ET Q q 0 0 0 rg BT 280.38 614.10 Td (An exception is made where an intercompany loan or advance is deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 602.10 Td (to be of a long-term investment nature, in which instance foreign currency transaction gains or losses are included in accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 590.10 Td (other comprehensive income \(loss\) within stockholders) Tj ET Q q 0 0 0 rg BT 259.93 590.10 Td ( equity) Tj ET Q q 0 0 0 rg BT 286.77 590.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 566.10 Td (During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.55 566.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.09 566.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.59 566.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 566.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.29 566.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.29 566.10 Td (, these gains/losses were primarily related to the ef) Tj ET Q q 0 0 0 rg BT 499.54 566.10 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 554.10 Td (remeasuring our borrowings denominated in currencies other than our functional currencies and the changes to the related exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 542.10 Td (rates between the date of the borrowing and the end of each period.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 518.10 Td (Funds fr) Tj ET Q q 0 0 0 rg BT 87.80 518.10 Td (om Operations andModified Funds fr) Tj ET Q q 0 0 0 rg BT 239.92 518.10 Td (om Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 506.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 494.10 Td (Funds from Operations \(FFO\) is a non-GAAP) Tj ET Q q 0 0 0 rg BT 246.94 494.10 Td ( financial performance measure defined by the National ) Tj ET Q q 0 0 0 rg BT 471.85 494.10 Td (Association of Real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 482.10 Td (Estate Investment ) Tj ET Q q 0 0 0 rg BT 109.69 482.10 Td (T) Tj ET Q q 0 0 0 rg BT 115.44 482.10 Td (rusts \(NAREIT\) widely recognized by investors and analysts as one measure of operating performance of a real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 470.10 Td (estate company) Tj ET Q q 0 0 0 rg BT 97.27 470.10 Td (. FFO excludes items such as real estate depreciation and amortization. Depreciation and amortization, as applied in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 458.10 Td (accordance with GAAP) Tj ET Q q 0 0 0 rg BT 129.86 458.10 Td (, implicitly assumes that the value of real estate assets diminishes predictably over time and also assumes that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 446.10 Td (such assets are adequately maintained and renovated as required in order to maintain their value. Since real estate values have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 434.10 Td (historically risen or fallen with market conditions such as occupancy rates, rental rates, inflation, interest rates, the business cycle, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 422.10 Td (unemployment and consumer spending, it is management) Tj ET Q q 0 0 0 rg BT 269.01 422.10 Td (s view) Tj ET Q q 0 0 0 rg BT 294.19 422.10 Td (, and we believe the view of many industry investors and analysts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 410.10 Td (that the presentation of operating results for real estate companies using historical cost accounting alone is insuf) Tj ET Q q 0 0 0 rg BT 483.47 410.10 Td (ficient. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 398.10 Td (FFO excludes gains and losses from the sale of real estate and impairment char) Tj ET Q q 0 0 0 rg BT 352.11 398.10 Td (ges related to depreciable real estate assets and in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 386.10 Td (substance real estate equity investments, which we believe provides management and investors with a helpful additional measure of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 374.10 Td (the historical performance of our real estate portfolio, as it allows for comparisons, year to year) Tj ET Q q 0 0 0 rg BT 416.85 374.10 Td (, that reflect the impact on operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 362.10 Td (from trends in items such as occupancy rates, rental rates, operating costs, general and administrative expenses and interest costs. ) Tj ET Q q 0 0 0 rg BT 555.00 362.10 Td (A) Tj ET Q q 0 0 0 rg BT 561.67 362.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 350.10 Td (property will be evaluated for impairment if events or circumstances indicate that the carrying amount may not be recoverable \(i.e. the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 338.10 Td (carrying amount exceeds the total estimated undiscounted future cash flows from the property\). Undiscounted future cash flows are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 326.10 Td (based on anticipated operating performance, including estimated future net rental and lease revenues, net proceeds on the sale of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 314.10 Td (property) Tj ET Q q 0 0 0 rg BT 69.23 314.10 Td (, and certain other ancillary cash flows. ) Tj ET Q q 0 0 0 rg BT 228.71 314.10 Td (While impairment char) Tj ET Q q 0 0 0 rg BT 321.26 314.10 Td (ges are excluded from the calculation of FFO as described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 302.10 Td (above, stockholders are cautioned that due to the limited term of our operations, it could be dif) Tj ET Q q 0 0 0 rg BT 414.04 302.10 Td (ficult to recover any impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 290.10 Td (char) Tj ET Q q 0 0 0 rg BT 53.03 290.10 Td (ges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 266.10 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 142.96 266.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 191.87 266.10 Td (ASU 2017-01 to clarify the definition of a business with the objective of adding guidance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 254.10 Td (assist entities with evaluating whether transactions should be accounted for as acquisitions of assets or businesses. ) Tj ET Q q 0 0 0 rg BT 497.39 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.02 254.10 Td (e adopted ) Tj ET Q q 0 0 0 rg BT 546.57 254.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 242.10 Td (2017-01 on January 1, 2018. Prior to ) Tj ET Q q 0 0 0 rg BT 187.66 242.10 Td (ASU 2017-01, real estate acquisitions were generally considered business combinations and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 230.10 Td (acquisition-related expenses and acquisition fees were treated as operating expenses under GAAP) Tj ET Q q 0 0 0 rg BT 426.14 230.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 206.10 Td (In addition to FFO, management uses Modified Funds from Operations \(MFFO\), as defined by the Institute for Portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 194.10 Td (Alternatives \(the IP) Tj ET Q q 0 0 0 rg BT 117.83 194.10 Td (A\), as a non-GAAP) Tj ET Q q 0 0 0 rg BT 200.78 194.10 Td ( supplemental financial performance measure to evaluate our operating performance. ) Tj ET Q q 0 0 0 rg BT 542.94 194.10 Td (The IP) Tj ET Q q 0 0 0 rg BT 568.96 194.10 Td (A) Tj ET Q q 0 0 0 rg BT 575.63 194.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 182.10 Td (has recommended the use of MFFO as a supplemental measure for publicly registered, non-listed REIT) Tj ET Q q 0 0 0 rg BT 449.36 182.10 Td (s to enhance the assessment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 170.10 Td (the operating performance of a non-listed REIT) Tj ET Q q 0 0 0 rg BT 225.74 170.10 Td (. MFFO is not equivalent to our net income or loss as determined under GAAP) Tj ET Q q 0 0 0 rg BT 540.42 170.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 158.10 Td (MFFO may not be useful as a measure of the long-term operating performance of our investments or as a comparative measure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 146.10 Td (other publicly registered, non-listed REIT) Tj ET Q q 0 0 0 rg BT 202.76 146.10 Td (s if we do not continue to operate with a limited life and tar) Tj ET Q q 0 0 0 rg BT 440.01 146.10 Td (geted exit strategy) Tj ET Q q 0 0 0 rg BT 512.67 146.10 Td (, as currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 134.10 Td (intended and described herein. MFFO includes funds generated by the operations of our real estate investments and funds used in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 122.10 Td (corporate-level operations. MFFO is based on FFO, but includes certain additional adjustments which we believe are appropriate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 110.10 Td (Such items include reversing the ef) Tj ET Q q 0 0 0 rg BT 176.61 110.10 Td (fects of straight-line rent revenue recognition, fair value adjustments to derivative instruments that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 98.10 Td (do not qualify for hedge accounting treatment and certain other items as described below) Tj ET Q q 0 0 0 rg BT 391.06 98.10 Td (. Some of these adjustments are necessary to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 86.10 Td (address changes in the accounting and reporting rules under GAAP) Tj ET Q q 0 0 0 rg BT 304.72 86.10 Td ( for real estate subsequent to the establishment of NAREIT) Tj ET Q q 0 0 0 rg BT 543.82 86.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 74.10 Td (definition of FFO. ) Tj ET Q q 0 0 0 rg BT 113.88 74.10 Td (These changes also have prompted a significant increase in the magnitude of non-cash and non-operating items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 62.10 Td (included in FFO, as defined. Such items include amortization of out-of-market lease intangible assets and liabilities and certain tenant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 50.10 Td (incentives. ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 749.10 Td (Other adjustments included in MFFO are necessary to address issues that are common to publicly registered, non-listed REIT) Tj ET Q q 0 0 0 rg BT 555.41 749.10 Td (s. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (Publicly registered, non-listed REIT) Tj ET Q q 0 0 0 rg BT 180.27 737.10 Td (s typically have a significant amount of acquisition activity and are substantially more dynamic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.10 Td (during their initial years of investment and operations. ) Tj ET Q q 0 0 0 rg BT 255.49 725.10 Td (While other start-up entities may also experience significant acquisition activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.10 Td (during their initial years, we believe that non-listed REIT) Tj ET Q q 0 0 0 rg BT 264.40 713.10 Td (s like us are unique in that they have a limited life with tar) Tj ET Q q 0 0 0 rg BT 497.21 713.10 Td (geted exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (strategies within a relatively limited time frame after the acquisition activity ceases. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (The purchase of properties, and the corresponding expenses associated with that process, including acquisition fees and expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (was a key operational feature of our business plan to generate operational income and cash flows in order to make distributions to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.10 Td (stockholders. MFFO excludes any acquisition fees payable to our ) Tj ET Q q 0 0 0 rg BT 299.84 653.10 Td (Advisor and acquisition expenses. ) Tj ET Q q 0 0 0 rg BT 440.93 653.10 Td (As described above, prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (adoption of ) Tj ET Q q 0 0 0 rg BT 83.77 641.10 Td (ASU 2017-01, under GAAP) Tj ET Q q 0 0 0 rg BT 196.00 641.10 Td (, acquisition fees and expenses were characterized as operating expenses in determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (operating net income. ) Tj ET Q q 0 0 0 rg BT 125.23 629.10 Td (These expenses were paid in cash by us, and therefore such funds were not available to distribute to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 91.37 617.10 Td (Therefore, MFFO may not be an accurate indicator of our operating performance, especially during periods in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (properties were being acquired. Since MFFO excludes acquisition fees and expenses related to all of our acquisitions, MFFO would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.10 Td (only be comparable to the operations of non-listed REIT) Tj ET Q q 0 0 0 rg BT 261.35 593.10 Td (s that have completed their acquisition activity and have other similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (operating characteristics. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.10 Td (Management uses MFFO to evaluate the financial performance of our investment portfolio, including the impact of potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.10 Td (future investments. In addition, management uses MFFO to evaluate and establish our distribution policy and the sustainability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 533.10 Td (thereof. Further) Tj ET Q q 0 0 0 rg BT 98.35 533.10 Td (, we believe MFFO is one of several measures that may be useful to investors in evaluating the potential performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.10 Td (of our portfolio following the conclusion of the acquisition phase, as it excludes acquisition fees and expenses incurred prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.10 Td (January 1, 2018, as described herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 485.10 Td (MFFO is useful in assisting management and investors in assessing the sustainability \(that is, the capacity to continue to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 473.10 Td (maintained\) of operating performance in future operating periods, and in particular) Tj ET Q q 0 0 0 rg BT 366.86 473.10 Td (, after the of) Tj ET Q q 0 0 0 rg BT 415.54 473.10 Td (fering and acquisition stages are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 461.10 Td (complete. MFFO is not a useful measure in evaluating net asset value because impairments are taken into account in determining net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 449.10 Td (asset value but not in determining MFFO. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.10 Td (FFO and MFFO should not be construed to be more relevant or accurate than the current GAAP) Tj ET Q q 0 0 0 rg BT 437.98 425.10 Td ( methodology in calculating net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.10 Td (income or in its applicability in evaluating our operating performance. In addition, FFO and MFFO should not be considered as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.10 Td (alternatives to net income \(loss\) or income \(loss\) from continuing operations as an indication of our performance or as alternatives to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.10 Td (cash flows from operating activities as an indication of our liquidity) Tj ET Q q 0 0 0 rg BT 306.95 389.10 Td (, but rather should be reviewed in conjunction with these and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 62.86 377.10 Td ( measurements. Further) Tj ET Q q 0 0 0 rg BT 156.60 377.10 Td (, FFO and MFFO are not intended to be used as liquidity measures indicative of cash flow available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.10 Td (fund our cash needs, including our ability to make distributions to our stockholders. Please see the limitations listed below associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.10 Td (with the use of MFFO: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 329.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 329.10 Td (MFFO excluded acquisition fees paid to our ) Tj ET Q q 0 0 0 rg BT 241.58 329.10 Td (Advisor and acquisition expenses for periods prior to January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 524.59 329.10 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 317.10 Td (these amounts reduced net income, we generally have funded such costs with proceeds from our public of) Tj ET Q q 0 0 0 rg BT 486.30 317.10 Td (ferings and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 305.10 Td (acquisition-related indebtedness \(and, solely with respect to acquisition-related costs incurred in connection with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 293.10 Td (acquisition of the Brindleyplace Project in July 2010, equity capital contributions from our joint venture partner\) and do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 281.10 Td (consider these fees and expenses in the evaluation of our operating performance and determining MFFO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 257.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 257.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 257.10 Td (e use interest rate swap contracts and interest rate caps as economic hedges against the variability of interest rates on variable-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 245.10 Td (rate loans. ) Tj ET Q q 0 0 0 rg BT 106.04 245.10 Td (Although we expect to hold these instruments to maturity) Tj ET Q q 0 0 0 rg BT 335.35 245.10 Td (, if we were to settle these instruments currently) Tj ET Q q 0 0 0 rg BT 526.59 245.10 Td (, it would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 233.10 Td (have an impact on our operating performance.) Tj ET Q q 0 0 0 rg BT 252.09 233.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 301.99 233.10 Td (, these derivative instruments are measured at fair value on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 221.10 Td (quarterly basis in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 228.23 221.10 Td (.MFFO excludes gains \(losses\) related to changes in these estimated values of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 209.10 Td (derivative instruments because such adjustments may not be reflective of ongoing operations and may reflect unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 197.10 Td (impacts on our operating performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 173.10 Td (e use foreign currency forward contracts as economic hedges against the variability of foreign exchange rates on certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 161.10 Td (international investments. ) Tj ET Q q 0 0 0 rg BT 168.63 161.10 Td (These derivative instruments are typically short-term and are frequently settled at amounts that result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 149.10 Td (in additional amounts paid or received. However) Tj ET Q q 0 0 0 rg BT 257.81 149.10 Td (, such gains \(losses\) are excluded from MFFO since they are not considered to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 137.10 Td (be operational in nature.) Tj ET Q q 0 0 0 rg BT 164.63 137.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 214.53 137.10 Td (, these derivative instruments are measured at fair value on a quarterly basis in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 125.10 Td (with GAAP) Tj ET Q q 0 0 0 rg BT 109.40 125.10 Td (.MFFO excludes gains \(losses\) related to changes in these estimated values of our derivative instruments because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 113.10 Td (such adjustments may not be reflective of ongoing operations or may reflect unrealized impacts on our operating performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 89.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 89.10 Td (W) Tj ET Q q 0 0 0 rg BT 71.64 89.10 Td (e utilize the definition of FFO as set forth by NAREIT) Tj ET Q q 0 0 0 rg BT 289.20 89.10 Td ( and the definition of MFFO as set forth by the IP) Tj ET Q q 0 0 0 rg BT 486.87 89.10 Td (A. Our FFO and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 77.10 Td (MFFO as presented may not be comparable to amounts calculated by other REIT) Tj ET Q q 0 0 0 rg BT 387.21 77.10 Td (s, if they use dif) Tj ET Q q 0 0 0 rg BT 451.19 77.10 Td (ferent approaches.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 749.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 749.10 Td (Our business is subject to volatility in the real estate markets and general economic conditions, and adverse changes in those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 737.10 Td (conditions could have a material adverse impact on our business, results of operations and MFFO. ) Tj ET Q q 0 0 0 rg BT 457.64 737.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 506.98 737.10 Td (, the predictive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 725.10 Td (nature of MFFO is uncertain and past performance may not be indicative of future results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (Neither the United States Securities and Exchange Commission \(the SEC\), NAREIT) Tj ET Q q 0 0 0 rg BT 401.24 701.10 Td ( nor any regulatory body has passed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.10 Td (judgment on the acceptability of the adjustments that we use to calculate FFO or MFFO. In the future, the SEC, NAREIT) Tj ET Q q 0 0 0 rg BT 521.56 689.10 Td ( or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.10 Td (regulatory body may decide to standardize the allowable adjustments across the non-listed REIT) Tj ET Q q 0 0 0 rg BT 421.82 677.10 Td ( industry and we would have to adjust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.10 Td (our calculation and characterization of FFO or MFFO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (The following section presents our calculation of FFO and MFFO attributable to common stockholders and provides additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.10 Td (information related to our operations \(in thousands, except per share amounts\) for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.34 629.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.98 629.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.81 629.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 617.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.44 617.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.44 617.10 Td ( and the period from inception \(December 10, 2008\) through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.64 617.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.91 617.10 Td (. ) Tj ET Q q 0 0 0 rg BT 427.86 617.10 Td (As we are in the process of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.10 Td (liquidating our portfolio, FFO and MFFO are not useful in comparing operations for the two periods presented below) Tj ET Q q 0 0 0 rg BT 504.72 605.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 556.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 556.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 556.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 556.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 556.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 556.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 526.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 526.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 526.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 526.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 526.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 526.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 496.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 496.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 496.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 496.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 496.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 496.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 466.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 466.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 466.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 466.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 466.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 466.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 436.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 436.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 436.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 436.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 436.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 436.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 436.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 436.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 436.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 436.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 406.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 406.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 406.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 406.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 406.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 406.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 406.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 406.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 406.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 406.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 376.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 376.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 376.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 376.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 376.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 376.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 376.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 376.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 376.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 376.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 337.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 337.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 337.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 337.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 337.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 337.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 298.60 248.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 298.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 298.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 298.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 298.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 298.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 298.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 298.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 298.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 298.60 96.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 556.6 m 329.5 556.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 556.6 m 378.5 556.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 556.6 m 427.5 556.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 556.6 m 476.5 556.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 556.6 m 576.5 556.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 451.6 m 329.5 451.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 451.6 m 378.5 451.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 451.6 m 427.5 451.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 451.6 m 476.5 451.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 451.6 m 576.5 451.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 361.6 m 329.5 361.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 361.6 m 378.5 361.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 361.6 m 427.5 361.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 361.6 m 476.5 361.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 361.6 m 576.5 361.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 361.6 m 329.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 338.6 m 329.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 336.6 m 329.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 338.6 m 378.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 336.6 m 378.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 338.6 m 427.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 336.6 m 427.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 338.6 m 476.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 336.6 m 476.5 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 338.6 m 576.5 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 336.6 m 576.5 336.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 576.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.05 585.05 Td (Thr) Tj ET Q q 0 0 0 rg BT 304.97 585.05 Td (ee Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.55 576.05 Td (September) Tj ET Q q 0 0 0 rg BT 344.96 576.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.45 585.05 Td (Nine Months Ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.55 576.05 Td (September) Tj ET Q q 0 0 0 rg BT 442.96 576.05 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 485.30 586.00 Td (Period fr) Tj ET Q q 0 0 0 rg BT 519.87 586.00 Td (om Inception) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.70 577.00 Td (\(December) Tj ET Q q 0 0 0 rg BT 530.51 577.00 Td ( 10, 2008\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.00 568.00 Td (thr) Tj ET Q q 0 0 0 rg BT 495.83 568.00 Td (ough September) Tj ET Q q 0 0 0 rg BT 558.42 568.00 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.00 559.05 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 561.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.50 561.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.50 561.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 561.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 561.28 Td (2018) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 546.16 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.80 546.32 Td (\(73,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 546.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.10 546.27 Td (149,1) Tj ET Q q 0 0 0 rg BT 364.60 546.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 546.27 Td (107,71) Tj ET Q q 0 0 0 rg BT 418.60 546.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.10 546.27 Td (184,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 546.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 546.27 Td (901,544) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 531.16 Td (Depreciation and amortization ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 177.29 535.47 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 531.27 Td (4,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.10 531.27 Td (24,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 531.27 Td (30,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 531.27 Td (88,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 531.27 Td (1,124,570) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 516.16 Td ( Loss \(gain\) on sale of investment property ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 222.69 520.47 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.30 516.32 Td (\(144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 516.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 516.32 Td (\(157,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 516.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.80 516.32 Td (\(190,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 516.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 516.32 Td (\(216,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 516.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.30 516.27 Td (\(1,302,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 516.27 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 501.16 Td ( Impairment Losses ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 134.31 505.47 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.10 501.27 Td (78,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 501.27 Td (4,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 501.27 Td (85,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 501.27 Td (9,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 501.27 Td (1) Tj ET Q q 0 0 0 rg BT 545.15 501.27 Td (1) Tj ET Q q 0 0 0 rg BT 550.15 501.27 Td (1,556) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 486.27 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.38 486.27 Td (Provision for income taxes related to sale of real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 486.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 486.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 486.27 Td (35,757) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 471.16 Td ( Gain on sale of property from unconsolidated subsidiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 471.27 Td (\(7,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 471.27 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 456.16 Td () Tj ET Q q 0 0 0 rg BT 58.85 456.16 Td (Adjustments for noncontrolling interests) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 212.68 460.47 Td ( \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 456.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 456.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 456.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 456.32 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 456.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 456.27 Td (\(31,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 456.27 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 441.16 Td (Funds from Operations attributable to common stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 441.27 Td (8,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.10 441.27 Td (23,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 441.27 Td (32,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 441.27 Td (68,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 441.27 Td (831,972) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 426.16 Td (Loss \(gain\) on derivative instruments ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 201.32 430.47 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 426.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 426.27 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 426.27 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 426.27 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 426.27 Td (\(6,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 426.27 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 411.16 Td (Loss \(gain\) on foreign currency ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 179.67 415.47 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 411.27 Td (2,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.80 411.32 Td (\(4,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 411.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 411.27 Td (2,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 411.27 Td (3,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 411.27 Td (42,485) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 396.16 Td (Other components of revenues and expenses) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 226.10 400.47 Td ( \(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 396.32 Td (\(2,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 396.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 396.27 Td (3,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 396.32 Td (\(3,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 396.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 396.27 Td (7,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 396.27 Td (\(28,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 396.27 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 381.16 Td (Acquisition fees and expenses ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 174.14 385.47 Td (\(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 381.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 381.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 381.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 381.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 381.27 Td (223,148) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 57.00 366.16 Td (Adjustments for noncontrolling interests ) Tj ET Q BT /F1 9.50 Tf ET BT /F1 6.17 Tf ET q 0 0 0 rg BT 213.21 370.47 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 366.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 366.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 366.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 366.32 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 366.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 366.27 Td (5,216) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 351.66 Td (Modified Funds From Operations attributable to common) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 342.16 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 342.27 Td (9,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.10 342.27 Td (23,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 342.27 Td (31,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 342.27 Td (79,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 342.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.65 342.27 Td (1,067,781) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 327.16 Td (Basic and diluted income \(loss\) per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.80 327.32 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 327.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 327.27 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 327.27 Td (0.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 327.27 Td (0.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 327.27 Td (4.66) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 312.66 Td (Funds From Operations attributable to common stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 303.16 Td (per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 303.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 303.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 303.27 Td (0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 303.27 Td (0.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 303.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 303.27 Td (4.59) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 288.66 Td (Modified Funds From Operations attributable to common) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 279.16 Td (stockholders per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.00 279.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 279.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 279.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 279.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 279.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 279.27 Td (0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 279.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 279.27 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 279.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.15 279.27 Td (5.89) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 39.00 264.16 Td (W) Tj ET Q q 0 0 0 rg BT 47.21 264.16 Td (eighted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 264.27 Td (263,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.10 264.27 Td (271,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.10 264.27 Td (264,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.10 264.27 Td (272,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 264.27 Td (181,333) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 236.10 Td (Notes to the table:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 212.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 212.10 Td (Represents the depreciation and amortization of various real estate assets.Historical cost accounting for real estate assets in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 200.10 Td (accordance with GAAP) Tj ET Q q 0 0 0 rg BT 148.59 200.10 Td ( implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 188.10 Td (values have historically risen or fallen with market conditions, we believe that such depreciation and amortization may be of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 176.10 Td (limited relevance in evaluating current operating performance and, as such, these items are excluded from our determination of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 164.10 Td (FFO. In addition, no depreciation or amortization was recorded after July 2019, due to our properties being classified as held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 152.10 Td (sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 128.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 128.10 Td (Represents the gain on disposition of certain real estate investments. ) Tj ET Q q 0 0 0 rg BT 331.71 128.10 Td (Although this gain is included in the calculation of net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 116.10 Td (income \(loss\), we have excluded it from FFO because we believe doing so appropriately presents the operating performance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 104.10 Td (our real estate investments on a comparative basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 80.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 80.10 Td (Represents impairment char) Tj ET Q q 0 0 0 rg BT 166.00 80.10 Td (ges recorded in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 323.44 80.10 Td (. ) Tj ET Q q 0 0 0 rg BT 327.89 80.10 Td (Although such impairment char) Tj ET Q q 0 0 0 rg BT 454.63 80.10 Td (ges on operating real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 68.10 Td (investments and our investments in unconsolidated entities are included in the calculation of net income \(loss\), we have excluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 56.10 Td (them from FFO because we believedoing so more appropriately presents the operating performance of our real estate investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 44.10 Td (and our investments in unconsolidated entities on a comparative basis.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 737.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 737.10 Td (Includes income attributable to noncontrolling interests and all adjustments to eliminate the noncontrolling interests) Tj ET Q q 0 0 0 rg BT 519.54 737.10 Td ( share of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.10 Td (adjustments to convert our net income \(loss\) to FFO and MFFO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.10 Td (Represents components of net income \(loss\) related to the estimated changes in the values of our interest rate contract derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 689.10 Td (and foreign currency forwards. ) Tj ET Q q 0 0 0 rg BT 182.65 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 191.29 689.10 Td (e have excluded these changes in value from our evaluation of our operating performance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.10 Td (MFFO because such adjustments may not be reflective of our ongoing performance and may reflect unrealized impacts on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 665.10 Td (operating performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.10 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 641.10 Td (Represents components of net income \(loss\) primarily resulting from the remeasurement of loans denominated in currencies other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.10 Td (than our functional currencies. ) Tj ET Q q 0 0 0 rg BT 178.49 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 187.13 629.10 Td (e have excluded these changes in value from our evaluation of our operating performance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.10 Td (MFFO because such adjustments may not be reflective of our ongoing performance and may reflect unrealized impacts on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.10 Td (operating performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.10 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 581.10 Td (Includes the following components of revenues and expenses that we do not consider in evaluating our operating performance and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.10 Td (determining MFFO for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.43 569.10 Td (three and nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.07 569.10 Td ( months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.90 569.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.16 569.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.60 569.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.60 569.10 Td ( \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 509.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 509.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 509.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 509.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 509.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 509.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 479.60 157.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 479.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 479.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 479.60 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 479.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 479.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 479.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 479.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 479.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 479.60 104.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 439.60 157.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 193.50 439.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 439.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 439.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 439.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 439.60 104.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 509.6 m 258.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 509.6 m 330.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 509.6 m 399.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 509.6 m 468.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 509.6 m 576.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 509.6 m 258.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 509.6 m 330.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 509.6 m 576.5 509.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 439.6 m 258.5 439.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 439.6 m 330.5 439.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 439.6 m 399.5 439.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 439.6 m 468.5 439.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 439.6 m 576.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 425.6 m 258.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 423.6 m 258.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 425.6 m 330.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 423.6 m 330.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 425.6 m 399.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 423.6 m 399.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 425.6 m 468.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 423.6 m 468.5 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 425.6 m 576.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 423.6 m 576.5 423.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 529.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.00 537.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 232.58 537.33 Td (ee Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.00 527.33 Td (September) Tj ET Q q 0 0 0 rg BT 277.01 527.33 Td ( 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.20 537.33 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.50 527.33 Td (September) Tj ET Q q 0 0 0 rg BT 416.51 527.33 Td ( 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 481.30 538.00 Td (Period fr) Tj ET Q q 0 0 0 rg BT 515.87 538.00 Td (om Inception ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.70 529.00 Td (\(December) Tj ET Q q 0 0 0 rg BT 526.51 529.00 Td ( 10, 2008\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 520.00 Td (thr) Tj ET Q q 0 0 0 rg BT 491.83 520.00 Td (ough September) Tj ET Q q 0 0 0 rg BT 554.42 520.00 Td ( 30, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 515.00 511.05 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 514.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.50 514.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.00 514.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.50 514.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.50 514.28 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 500.17 Td (Straight-line rent adjustment \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.80 499.27 Td (\(3,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.80 499.32 Td (\(1,31) Tj ET Q q 0 0 0 rg BT 321.63 499.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 499.32 Td (\(9,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 499.32 Td (\(2,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 499.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 499.27 Td (\(1) Tj ET Q q 0 0 0 rg BT 545.13 499.27 Td (17,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 499.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 485.17 Td (Amortization of lease incentives \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.15 484.27 Td (1,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 484.27 Td (5,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 484.27 Td (8,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.15 484.27 Td (15,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 484.27 Td (73,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 470.17 Td (Amortization of out-of-market leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 460.17 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.30 459.27 Td (\(613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.65 459.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.30 459.32 Td (\(279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 459.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 459.32 Td (\(2,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 459.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.80 459.32 Td (\(6,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 459.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 459.27 Td (12,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 445.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 444.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.15 444.27 Td (3,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 429.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.80 429.27 Td (\(2,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.65 429.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 429.27 Td (3,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 429.32 Td (\(3,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 429.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 429.27 Td (7,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 429.27 Td (\(28,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 429.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.10 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (Represents the adjustments to rental revenue as required by GAAP) Tj ET Q q 0 0 0 rg BT 339.06 401.10 Td ( to recognize minimum lease payments on a straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td (basis over the respective lease terms.) Tj ET Q q 0 0 0 rg BT 224.54 389.10 Td (W) Tj ET Q q 0 0 0 rg BT 233.18 389.10 Td (e have excluded these adjustments from our evaluation of our operating performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (and in determining MFFO because we believe that the rent that is billable during the current period is a more relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (measure of our operating performance for such period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 341.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (Represents the amortization of lease incentives and out-of-market leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 317.10 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 317.10 Td (Represents acquisition expenses and acquisition fees paid to our ) Tj ET Q q 0 0 0 rg BT 312.55 317.10 Td (Advisor that were expensed in our Condensed Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 305.10 Td (Statement of Operations and Comprehensive Income \(Loss\). ) Tj ET Q q 0 0 0 rg BT 298.76 305.10 Td (W) Tj ET Q q 0 0 0 rg BT 307.39 305.10 Td (e funded such costs with proceeds from our of) Tj ET Q q 0 0 0 rg BT 492.16 305.10 Td (fering, and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 293.10 Td (do not consider these expenses in evaluating our operating performance and determining MFFO. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 269.10 Td (From inception through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.49 269.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.75 269.10 Td (, we declared operating distributions to our stockholders totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.25 269.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.37 269.10 Td ( \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 257.10 Td (does not include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.04 257.10 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.16 257.10 Td ( of Return of Capital Distributions declared from December 2017 to February 2019\), compared to total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 245.10 Td (aggregate FFO of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.04 245.10 Td ($832.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.93 245.10 Td ( and cash flows from operating activities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.99 245.10 Td ($585.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.88 245.10 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.49 245.10 Td (three months ended September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 233.10 Td (30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.50 233.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 233.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 233.10 Td (, we declared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.52 233.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.52 233.10 Td ( operating distributions to our stockholders, compared to total aggregate FFO of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.96 233.10 Td ($9.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.85 233.10 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.46 233.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 221.10 Td (months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.09 221.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.59 221.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.59 221.10 Td (, we declared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.11 221.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.11 221.10 Td ( operating distributions to our stockholders compared to total aggregate FFO of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 209.10 Td ($23.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.89 209.10 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 209.10 Td (nine months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.31 209.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.81 209.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.81 209.10 Td (, we declared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.33 209.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.33 209.10 Td ( operating distributions \(excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.86 209.10 Td ($661.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.75 209.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 197.10 Td (liquidating distributions declared in February 2019\) to our stockholders, compared to total aggregate FFO of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.57 197.10 Td ($32.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.46 197.10 Td (. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 185.10 Td (nine months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.81 185.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.31 185.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.31 185.10 Td (, we declared operating distributions to our stockholders totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 185.10 Td ($56.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.70 185.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 173.10 Td (total aggregate FFO of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.31 173.10 Td ($68.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.20 173.10 Td (. Our board of directors does not intend to declare additional operating distributions, and intends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 161.10 Td (for all future distributions to be liquidating distributions. During our of) Tj ET Q q 0 0 0 rg BT 321.90 161.10 Td (fering and investment stages, we incurred acquisition fees and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 149.10 Td (expenses in connection with our real estate investments, which were recorded as reductions to net income \(loss\) and FFO. From ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 137.10 Td (inception through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.32 137.10 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.58 137.10 Td (, we incurred acquisition fees and expenses totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.13 137.10 Td ($223.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.02 137.10 Td (.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Related-Party ) Tj ET Q q 0 0 0 rg BT 98.29 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 104.22 749.25 Td (ransactions and ) Tj ET Q q 0 0 0 rg BT 173.69 749.25 Td (Agr) Tj ET Q q 0 0 0 rg BT 190.17 749.25 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 725.25 Td (e have entered into agreements with the ) Tj ET Q q 0 0 0 rg BT 223.41 725.25 Td (Advisor and Hines and its af) Tj ET Q q 0 0 0 rg BT 337.37 725.25 Td (filiates, whereby we pay certain fees and reimbursements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (to these entities during the various phases of our or) Tj ET Q q 0 0 0 rg BT 239.94 713.25 Td (ganization and operation. During the acquisition and operational stages, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (include payments for certain services related to acquisitions, financing and management of our investments and operations provided to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (us by our ) Tj ET Q q 0 0 0 rg BT 75.17 689.25 Td (Advisor and Hines and its af) Tj ET Q q 0 0 0 rg BT 189.13 689.25 Td (filiates pursuant to various agreements we have entered into or anticipate entering into with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (these entities. See Note 6 Related Party ) Tj ET Q q 0 0 0 rg BT 212.71 677.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.47 677.25 Td (ransactions in this Quarterly Report on Form 10-Q and Note 9 Related Party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (T) Tj ET Q q 0 0 0 rg BT 41.76 665.25 Td (ransactions in our ) Tj ET Q q 0 0 0 rg BT 119.24 665.25 Td (Annual Report of Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.91 665.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.49 665.25 Td ( for additional information concerning our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (related-party transactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 115.43 629.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 617.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 605.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.44 605.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.71 605.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.15 605.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.73 605.25 Td (, we had no of) Tj ET Q q 0 0 0 rg BT 313.48 605.25 Td (f-balance sheet arrangements that have or are reasonably likely to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (have a current or future ef) Tj ET Q q 0 0 0 rg BT 139.93 593.25 Td (fect on our financial condition, changes in financial condition, revenues or expenses, results of operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 69.24 581.25 Td (, capital expenditures or capital resources.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item3.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.99 749.25 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 0 rg BT 240.63 749.25 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 725.25 Td (Market risk includes risks that arise from changes in interest rates, foreign currency exchange rates, commodity prices, equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td (prices and other market changes that af) Tj ET Q q 0 0 0 rg BT 192.42 713.25 Td (fect market-sensitive instruments. In pursuing our business plan, we believe that interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 701.25 Td (risk, foreign currency risk and real estate valuation risk are the primary market risks to which we are exposed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 73.07 677.25 Td (est ) Tj ET Q q 0 0 0 rg BT 86.68 677.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 107.50 677.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 653.25 Td (e are exposed to the ef) Tj ET Q q 0 0 0 rg BT 152.13 653.25 Td (fects of interest rate changes primarily as a result of debt used to maintain liquidity and fund expansion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (our real estate investment portfolio and operations. One of our interest rate risk management objectives is to limit the impact of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (interest rate changes on cash flows. ) Tj ET Q q 0 0 0 rg BT 179.94 629.25 Td (T) Tj ET Q q 0 0 0 rg BT 185.35 629.25 Td (o achieve this objective, we may borrow at fixed rates or fix the variable rates of interest on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (variable interest rate borrowings through the use of interest rate swaps and caps. ) Tj ET Q q 0 0 0 rg BT 359.05 617.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.68 617.25 Td (e have and may continue to enter into derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (financial instruments such as interest rate swaps and caps in order to mitigate our interest rate risk on a related financial instrument. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 44.64 593.25 Td (e will not enter into derivative or interest rate transactions for speculative purposes. ) Tj ET Q q 0 0 0 rg BT 380.46 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 389.10 593.25 Td (e are exposed to credit risk of the counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (to these contracts in the event of non-performance under the terms of the derivative contracts.In the event of non-performance by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td (counterparty) Tj ET Q q 0 0 0 rg BT 85.88 569.25 Td (, if we were not able to replace these contracts, we would be subject to the variability of interest rates on the total amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (of debt outstanding under the related mortgage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 533.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 533.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.76 533.25 Td (, we had fixed-rate debt of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.77 533.25 Td ($152.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.66 533.25 Td ( and variable-rate debt of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.67 533.25 Td ($651.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.56 533.25 Td (. If interest rates were to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 521.25 Td (increase by 1% and all other variables were held constant, we would incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.34 521.25 Td ($6.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.23 521.25 Td ( in additional annual interest expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 509.25 Td (associated with our variable-rate debt. ) Tj ET Q q 0 0 0 rg BT 192.88 509.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 242.79 509.25 Td (, we hedged approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.58 509.25 Td ($55.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.47 509.25 Td ( of our variable-rate debt using interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 497.25 Td (rate caps, which limit our exposure to rising interest rates. ) Tj ET Q q 0 0 0 rg BT 272.33 497.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.77 497.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.04 497.25 Td (, the variable interest rates did not exceed their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 485.25 Td (capped interest rates. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 461.25 Td (For) Tj ET Q q 0 0 0 rg BT 68.63 461.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 88.35 461.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 107.43 461.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 128.24 461.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 437.25 Td (e currently have real estate investments located in countries outside of the U.S. that are subject to the ef) Tj ET Q q 0 0 0 rg BT 476.20 437.25 Td (fects of exchange rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 425.25 Td (movements between the foreign currency of each real estate investment and the U.S. dollar) Tj ET Q q 0 0 0 rg BT 399.63 425.25 Td (, which may af) Tj ET Q q 0 0 0 rg BT 458.87 425.25 Td (fect future costs and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 413.25 Td (flows as well as amounts translated into U.S. dollars for inclusion in our condensed consolidated financial statements. Generally) Tj ET Q q 0 0 0 rg BT 551.06 413.25 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 401.25 Td (have entered into mortgage loans denominated in foreign currencies for these investments, which provide natural hedges with regard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 389.25 Td (to changes in exchange rates between the foreign currencies and U.S. dollar and reduces our exposure to exchange rate dif) Tj ET Q q 0 0 0 rg BT 524.78 389.25 Td (ferences. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 377.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 85.90 377.25 Td (, we are typically a net receiver of these foreign currencies, and, as a result, our foreign operations benefit from a weaker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 365.25 Td (U.S. dollar and are adversely af) Tj ET Q q 0 0 0 rg BT 162.16 365.25 Td (fected by a stronger U.S. dollar) Tj ET Q q 0 0 0 rg BT 286.84 365.25 Td (. ) Tj ET Q q 0 0 0 rg BT 294.16 365.25 Td (The table below identifies the ef) Tj ET Q q 0 0 0 rg BT 423.10 365.25 Td (fect that a 10% immediate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 353.25 Td (unfavorable change in the exchange rates would have on our equity in these international real estate investments and their net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 341.25 Td (for the most recently completed period, by foreign currency \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 334.52 345.78 Td (\(1\)\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.67 341.25 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 274.75 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 274.75 119.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 274.75 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 274.75 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 244.75 289.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 244.75 119.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 244.75 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 244.75 106.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 274.75 m 461.5 274.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 274.75 m 575.5 274.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.55 289.43 Td (Reduction in Book ) Tj ET Q q 0 0 0 rg BT 430.42 289.43 Td (V) Tj ET Q q 0 0 0 rg BT 437.09 289.43 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.65 279.43 Td (as of September) Tj ET Q q 0 0 0 rg BT 416.88 279.43 Td ( 30, 2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.85 309.43 Td (Reduction in Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.40 299.43 Td (Income \(Loss\) for) Tj ET Q q 0 0 0 rg BT 551.76 299.43 Td ( the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.20 289.43 Td (Nine Months Ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.25 279.43 Td (September) Tj ET Q q 0 0 0 rg BT 526.17 279.43 Td ( 30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 264.42 Td (EUR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.75 264.42 Td ($8,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 264.42 Td ($557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 249.42 Td (GBP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.25 249.42 Td ($18,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 249.42 Td ($28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 234.42 Td (RUB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 234.42 Td ($971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.25 234.42 Td ($4,374) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 206.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 206.25 Td (Our real estate assets in Moscow) Tj ET Q q 0 0 0 rg BT 193.70 206.25 Td (, Russia were purchased in U.S. dollars and we expect that when we dispose of these assets, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 194.25 Td (sale transactions may also be denominated in U.S. dollars. If the sale prices are denominated in U.S. dollars, we do not expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 182.25 Td (to have economic exposure to the Ruble upon disposition. However) Tj ET Q q 0 0 0 rg BT 336.15 182.25 Td (, changes in the exchange rate between the Ruble and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 170.25 Td (U.S. dollar could result in realized losses recorded in our consolidated statement of operations at the time of sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 45.00 146.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 146.25 Td (Our real estate asset in Poland was purchased in Euros and we expect that when we dispose of this asset, the sale transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 134.25 Td (will also be denominated in Euros. ) Tj ET Q q 0 0 0 rg BT 203.81 134.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 253.15 134.25 Td (, we do not expect to have Polish zloty exposure upon disposition.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item4.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.99 749.25 Td (Controls and Procedures) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 75.82 725.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 108.13 725.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 151.29 725.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 180.55 725.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td (In accordance with Rules13a-15 and 15d-15 promulgated under the Exchange ) Tj ET Q q 0 0 0 rg BT 370.28 701.25 Td (Act, we carried out an evaluation, under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (supervision and with the participation of management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 390.17 689.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 502.72 689.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 520.64 689.25 Td (, of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (ef) Tj ET Q q 0 0 0 rg BT 43.59 677.25 Td (fectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 665.25 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 113.57 665.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 226.12 665.25 Td (ficer concluded that our disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 494.44 665.25 Td (fective as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 653.25 Td (, to provide reasonable assurance that information required to be disclosed in our reports filed or submitted under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 641.25 Td (the Exchange ) Tj ET Q q 0 0 0 rg BT 92.09 641.25 Td (Act is \(i\)recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 629.25 Td (Commission) Tj ET Q q 0 0 0 rg BT 89.34 629.25 Td (s rules and forms, and \(ii\)accumulated and communicated to our management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 541.80 629.25 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 127.74 617.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 145.65 617.25 Td (, as appropriate to allow timely decisions regarding required disclosure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 593.25 Td (Change in Internal Contr) Tj ET Q q 0 0 0 rg BT 144.99 593.25 Td (ols) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 569.25 Td (No change occurred in our internal controls over financial reporting \(asdefined in Rule13a-15\(f\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 513.27 569.25 Td (Act\) during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 557.25 Td (quarter ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.19 557.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.46 557.25 Td ( that has materially af) Tj ET Q q 0 0 0 rg BT 259.91 557.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 441.32 557.25 Td (fect, our internal controls over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (financial reporting.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (P) Tj ET Q q 0 0 0 rg BT 41.37 749.25 Td (AR) Tj ET Q q 0 0 0 rg BT 55.46 749.25 Td (T) Tj ET Q q 0 0 0 rg BT 61.95 749.25 Td ( II- OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 164.82 749.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (Item1.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.49 725.25 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 713.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 701.25 Td (From time to time in the ordinary course of business, the Company or its subsidiaries may become subject to legal proceedings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 689.25 Td (claims or disputes. ) Tj ET Q q 0 0 0 rg BT 112.66 689.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.10 689.25 Td (November14, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.81 689.25 Td (, neither the Company nor any of its subsidiaries was a party to any material pending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 677.25 Td (legal proceedings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 653.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 58.49 653.25 Td (1A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 78.21 653.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 99.05 653.25 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 629.25 Td (W) Tj ET Q q 0 0 0 rg BT 62.64 629.25 Td (e are subject to a number of risks and uncertainties, which are discussed in Part I, Item 1A, Risk Factors in our ) Tj ET Q q 0 0 0 rg BT 515.57 629.25 Td (Annual Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 617.25 Td (on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.68 617.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.27 617.25 Td (. ) Tj ET Q q 0 0 0 rg BT 256.59 617.25 Td (There have been no material changes to the risk factors set forth under Part I, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 605.25 Td (Item 1A, Risk Factors in our ) Tj ET Q q 0 0 0 rg BT 161.26 605.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.60 605.25 Td (December31, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.18 605.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 581.25 Td (Item2. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.49 581.25 Td (Unregistered Sales of Equity Securities and Use of Proceeds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 569.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 557.25 Td (During the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.36 557.25 Td (September30, 2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.62 557.25 Td (, we did not sell or issue any equity securities that were not registered under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 545.25 Td (the Securities ) Tj ET Q q 0 0 0 rg BT 92.10 545.25 Td (Act of 1933, as amended. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 521.25 Td (The following table lists shares we redeemed under our share redemption program during the period covered by this report.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 457.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 457.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 457.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 457.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 457.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 457.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 457.75 129.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 457.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 457.75 115.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 429.75 158.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.50 429.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 429.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 429.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 429.75 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 429.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 429.75 129.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 429.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 429.75 115.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 457.75 m 194.5 457.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 457.75 m 259.5 457.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 457.75 m 324.5 457.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 457.75 m 457.5 457.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 457.75 m 576.5 457.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 457.75 m 259.5 457.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 415.75 m 259.5 415.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 415.75 m 324.5 415.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 415.75 m 457.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 402.75 m 259.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 400.75 m 259.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 402.75 m 324.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 400.75 m 324.5 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 402.75 m 457.5 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 400.75 m 457.5 400.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 39.00 462.20 Td (Period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.60 480.20 Td (T) Tj ET Q q 0 0 0 rg BT 207.19 480.20 Td (otal Number) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.70 471.20 Td (of Shar) Tj ET Q q 0 0 0 rg BT 238.87 471.20 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.50 462.20 Td (Redeemed) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.70 480.20 Td (A) Tj ET Q q 0 0 0 rg BT 272.87 480.20 Td (verage Price) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 277.20 471.20 Td (Paid per) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.30 462.20 Td (Shar) Tj ET Q q 0 0 0 rg BT 300.72 462.20 Td (e) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.70 480.20 Td (T) Tj ET Q q 0 0 0 rg BT 351.88 480.20 Td (otal Number) Tj ET Q q 0 0 0 rg BT 400.46 480.20 Td ( of Shar) Tj ET Q q 0 0 0 rg BT 430.80 480.20 Td (es) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 336.00 471.20 Td (Redeemed as Part of Publicly) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 333.50 462.20 Td (Announced Plans or) Tj ET Q q 0 0 0 rg BT 411.35 462.20 Td ( Pr) Tj ET Q q 0 0 0 rg BT 422.93 462.20 Td (ograms) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.55 489.20 Td (Maximum Number) Tj ET Q q 0 0 0 rg BT 550.63 489.20 Td ( of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.00 480.20 Td (Shar) Tj ET Q q 0 0 0 rg BT 492.34 480.20 Td (es that May ) Tj ET Q q 0 0 0 rg BT 539.25 480.20 Td (Y) Tj ET Q q 0 0 0 rg BT 544.75 480.20 Td (et be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.45 471.20 Td (Redeemed Under) Tj ET Q q 0 0 0 rg BT 533.02 471.20 Td ( the Plans ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.75 462.20 Td (or) Tj ET Q q 0 0 0 rg BT 498.08 462.20 Td ( Pr) Tj ET Q q 0 0 0 rg BT 509.66 462.20 Td (ograms ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 540.41 466.28 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 448.21 Td (July 1, 2019 to July 31, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 448.21 Td (95,787) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 448.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 448.21 Td (6.17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 448.21 Td (95,787) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 448.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 434.21 Td (August 1, 2019 to ) Tj ET Q q 0 0 0 rg BT 105.26 434.21 Td (August 31, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 434.21 Td (155,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 434.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 434.21 Td (6.17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 434.21 Td (155,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 434.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 420.21 Td (September 1, 2019 to September 30, 2019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 420.21 Td (1) Tj ET Q q 0 0 0 rg BT 231.25 420.21 Td (17,204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 420.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 420.21 Td (6.17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 420.21 Td (1) Tj ET Q q 0 0 0 rg BT 429.25 420.21 Td (17,204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 564.00 420.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 172.60 406.21 Td (T) Tj ET Q q 0 0 0 rg BT 177.47 406.21 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 406.21 Td (368,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.00 406.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.25 406.21 Td (6.17) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.75 406.21 Td (368,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.00 406.21 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 378.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 378.25 Td (Our share redemption program was first announced at the commencement of our initial public of) Tj ET Q q 0 0 0 rg BT 440.92 378.25 Td (fering in February 2009. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 366.25 Td (share redemption program does not have a fixed expiration date, but it is subject to significant restrictions and limitations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 354.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 63.26 354.25 Td (fective February 2, 2019, in connection with the Plan of Liquidation and in line with common practice within the industry when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 342.25 Td (executing a Plan of Liquidation, our board of directors suspended the share redemption program, except for the redemption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 330.25 Td (requests related to the death or disability of a stockholder) Tj ET Q q 0 0 0 rg BT 282.54 330.25 Td (. ) Tj ET Q q 0 0 0 rg BT 286.99 330.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 336.90 330.25 Td (, in connection with the suspension of our DRP) Tj ET Q q 0 0 0 rg BT 525.67 330.25 Td ( of) Tj ET Q q 0 0 0 rg BT 536.32 330.25 Td (fering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 318.25 Td (ef) Tj ET Q q 0 0 0 rg BT 61.59 318.25 Td (fective as of ) Tj ET Q q 0 0 0 rg BT 112.40 318.25 Td (August 20, 2018, our share redemption program was amended to eliminate the requirement that the funds available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 306.25 Td (for redemption be limited to proceeds received from the DRP) Tj ET Q q 0 0 0 rg BT 299.39 306.25 Td ( in the prior month. Our board of directors may determine from time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 294.25 Td (to time to adjust the timing of redemptions or amend, suspend or terminate our share redemption program without stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 282.25 Td (approval. Subject to the limitations and restrictions on the program and to funds being available, the number of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 270.25 Td (repurchased during any consecutive twelve month period will be limited to no more than 5% of the number of outstanding shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 258.25 Td (of common stock at the beginning of the twelve month period. ) Tj ET Q q 0 0 0 rg BT 305.99 258.25 Td (The redemption price applicable to all redemption requests, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 246.25 Td (including redemption requests made in connection with the death or disability of a stockholder) Tj ET Q q 0 0 0 rg BT 432.12 246.25 Td (, is equal to the NA) Tj ET Q q 0 0 0 rg BT 508.59 246.25 Td (V) Tj ET Q q 0 0 0 rg BT 515.63 246.25 Td ( per share our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 234.25 Td (common stock most recently announced by the Company in a public filing with the SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 210.25 Td (Item 3. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.99 210.25 Td (Defaults Upon Senior Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 186.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 186.25 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 162.25 Td (Item 4.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.99 162.25 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 138.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 138.25 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 114.25 Td (Item 5.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 70.99 114.25 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 90.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 90.25 Td (Not applicable.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 24.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (Item6. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.49 749.25 Td (Exhibits) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 36.00 736.05 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 702.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 702.55 16.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 702.55 470.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 644.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 644.55 16.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 644.55 470.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 596.55 54.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 596.55 16.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 596.55 470.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 538.55 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 538.55 16.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 538.55 470.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 510.55 54.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 510.55 16.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 510.55 470.00 -34.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 452.55 54.00 -54.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 90.50 452.55 16.00 -54.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.50 452.55 470.00 -54.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 36.5 702.55 m 90.5 702.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 106.5 702.55 m 576.5 702.55 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 47.15 716.28 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.60 706.28 Td (No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.25 707.23 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.15 693.12 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 693.12 Td (Plan of Liquidation and Dissolution \(filed as ) Tj ET Q q 0 0 0 rg BT 289.26 693.12 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 330.65 693.12 Td (A) Tj ET Q q 0 0 0 rg BT 337.32 693.12 Td ( to the Registrant) Tj ET Q q 0 0 0 rg BT 408.69 693.12 Td (s Definitive Proxy Statement on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 683.12 Td (Schedule 14A) Tj ET Q q 0 0 0 rg BT 164.83 683.12 Td ( on May 10, 2018 and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.15 669.12 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 669.12 Td (Articles of ) Tj ET Q q 0 0 0 rg BT 153.43 669.12 Td (Amendment and Restatement of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 362.09 669.12 Td (, Inc. \(filed as Exhibit3.1 to Pre-Ef) Tj ET Q q 0 0 0 rg BT 502.98 669.12 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 659.12 Td (Amendment No.3 to the Registrant) Tj ET Q q 0 0 0 rg BT 254.53 659.12 Td (s Registration Statement on Form S-1) Tj ET Q q 0 0 0 rg BT 404.99 659.12 Td (1 \(File No. 333-156742\), as amended and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 649.12 Td (supplemented \(the Registration Statement\) on ) Tj ET Q q 0 0 0 rg BT 303.12 649.12 Td (August3, 2009 and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.15 635.12 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 635.12 Td (Bylaws of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 229.35 635.12 Td (, Inc. \(filed as Exhibit3.2 to Pre-Ef) Tj ET Q q 0 0 0 rg BT 370.25 635.12 Td (fective ) Tj ET Q q 0 0 0 rg BT 399.40 635.12 Td (Amendment No.1 to the Registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 625.12 Td (Statement on March18, 2009 and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 611.12 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 611.12 Td (Amendment No. 1 to Bylaws of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 316.29 611.12 Td (, Inc. \(filed as Exhibit 3.1 to the Registrant) Tj ET Q q 0 0 0 rg BT 489.86 611.12 Td (s Current Report on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 601.12 Td (Form 8-K on September 21, 2015 and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 587.12 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 587.12 Td (Amendment No. 2 to Bylaws of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 316.29 587.12 Td (, Inc. \(filed as Exhibit 3.1 to the Registrant) Tj ET Q q 0 0 0 rg BT 489.86 587.12 Td (s Current Report on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 577.12 Td (Form 8-K on September 7, 2017 and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 563.12 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 563.12 Td (Hines Global REIT) Tj ET Q q 0 0 0 rg BT 186.02 563.12 Td (, Inc. Distribution Reinvestment Plan \(included as ) Tj ET Q q 0 0 0 rg BT 390.44 563.12 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 431.82 563.12 Td (A) Tj ET Q q 0 0 0 rg BT 438.49 563.12 Td ( to the Prospectus contained in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 553.12 Td (the Registrant) Tj ET Q q 0 0 0 rg BT 167.60 553.12 Td (s Registration Statement on Form S-3 \(File No. 333-195478\) filed on ) Tj ET Q q 0 0 0 rg BT 446.47 553.12 Td (April 24, 2014 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 543.12 Td (incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 529.12 Td (31.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 529.12 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 529.12 Td (Certification) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 515.12 Td (31.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 515.12 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 515.12 Td (Certification) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 501.12 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 501.12 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 501.12 Td (Certification of Chief Executive Of) Tj ET Q q 0 0 0 rg BT 250.44 501.12 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 362.99 501.12 Td (ficer pursuant to 18U.S.C., Section 1350, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 491.12 Td (adopted pursuant to Section 906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 331.73 491.12 Td (Act of 2002. Pursuant to SEC Release 34-47551 this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 481.12 Td (Exhibit is furnished to the SEC herewith and shall not be deemed to be filed.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 467.12 Td (99.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 467.12 Td (Third ) Tj ET Q q 0 0 0 rg BT 133.17 467.12 Td (Amended and Restated Share Redemption Program, ef) Tj ET Q q 0 0 0 rg BT 352.09 467.12 Td (fective as of ) Tj ET Q q 0 0 0 rg BT 402.90 467.12 Td (August 20, 2018 \(filed as Exhibit 99.2 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 457.12 Td (the Registrant) Tj ET Q q 0 0 0 rg BT 167.60 457.12 Td (s Current Report on Form 8-K on July 17, 2018 and incorporated by reference herein\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 443.12 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 443.12 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 443.12 Td (The following materials from Hines Global REIT) Tj ET Q q 0 0 0 rg BT 306.92 443.12 Td (, Inc.) Tj ET Q q 0 0 0 rg BT 329.87 443.12 Td (s Quarterly Report on Form 10-Q for the quarter ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 433.12 Td (September 30, 2019, filed on November 14, 2019, formatted in XBRL) Tj ET Q q 0 0 0 rg BT 390.43 433.12 Td ( \(eXtensible Business Reporting Language\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 423.12 Td (\(i\) Condensed Consolidated Balance Sheets, \(ii\) Condensed Consolidated Statements of Operations and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 413.12 Td (Comprehensive Income \(Loss\), \(iii\) Condensed Consolidated Statements of Equity) Tj ET Q q 0 0 0 rg BT 440.56 413.12 Td (, \(iv\) Condensed Consolidated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.00 403.12 Td (Statements of Cash Flows, and \(v\) Notes to the Condensed Consolidated Financial Statements.) 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Shea Mor) Tj ET Q q 0 0 0 rg BT 106.20 670.25 Td (genroth, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (I have reviewed this Quarterly Report on Form 10-Q of Hines Global REIT) Tj ET Q q 0 0 0 rg BT 387.41 646.25 Td (, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (fact necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (misleading with respect to the period covered by this report.) 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