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Organization and Business</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Vornado Realty Trust (&#8220;Vornado&#8221;) is a fully</font><font style="font-family:Times New Roman;font-size:10pt;">-integrated real estate investment trust (&#8220;REIT&#8221;) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the &#8220;Operating Partnership&#8221;). Accordingly, Vornado's cash flow and ability to pay dividends to its shareholders is dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors. Vornado is the sole general partner of, and owned approximately </font><font style="font-family:Times New Roman;font-size:10pt;"> 93.7</font><font style="font-family:Times New Roman;font-size:10pt;">% </font><font style="font-family:Times New Roman;font-size:10pt;">of the common limited partnership interest in the Operating Partnership at December 31, 2015. All references to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; the &#8220;Company&#8221; and &#8220;Vornado&#8221; refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">On January 15, 2015, we completed the spin-off of substantially all of our retail segment comprised of 79 strip shopping centers, three malls, a warehouse park and $225,000,000 of cash to Urban Edge Properties (&#8220;UE&#8221;) (NYSE: UE). As part of this transaction, we retained 5,717,184 UE operating partnership units (5.4% ownership interest). We are providing transition services to UE for an initial period of up to two years, </font><font style="font-family:Times New Roman;font-size:10pt;">primarily for information technology support</font><font style="font-family:Times New Roman;font-size:10pt;">. UE is providing us with leasing and property management services for (</font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">) certain small retail properties that we plan to sell, and (ii) our affiliate, Alexander's, Inc. (NYSE: ALX) </font><font style="font-family:Times New Roman;font-size:10pt;">Rego</font><font style="font-family:Times New Roman;font-size:10pt;"> Park retail assets. Steven Roth, our Chairman and Chief Executive Officer</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> is a member of the </font><font style="font-family:Times New Roman;font-size:10pt;">Board of Trustees of UE. The spin-off distribution was effected by Vornado distributing one UE common share for every two Vornado common shares. The historical financial results of UE are reflected in our consolidated financial statements as discontinued operations for all periods presented. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">W</font><font style="font-family:Times New Roman;font-size:10pt;">e </font><font style="font-family:Times New Roman;font-size:10pt;">currently </font><font style="font-family:Times New Roman;font-size:10pt;">own</font><font style="font-family:Times New Roman;font-size:10pt;"> all or portions of</font><font style="font-family:Times New Roman;font-size:10pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;margin-left:0px;">New York</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'></p><ul><li style="margin-left:76.5px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">2</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">million </font><font style="font-family:Times New Roman;font-size:10pt;">square feet of </font><font style="font-family:Times New Roman;font-size:10pt;">Manhattan office space in </font><font style="font-family:Times New Roman;font-size:10pt;">3</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;"> properties</font><font style="font-family:Times New Roman;font-size:10pt;">;</font><p><font style="font-family:Times New Roman;font-size:10pt;margin-left:40.5px;"> </font></p></li><li style="margin-left:76.5px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">2.</font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;"> million square feet of Manhattan street retail space in </font><font style="font-family:Times New Roman;font-size:10pt;">65</font><font style="font-family:Times New Roman;font-size:10pt;"> properties;</font><p>&#160;</p></li></ul><p style='margin-top:0pt; margin-bottom:0pt'></p><ul><li style="margin-left:76.5px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">1,711 units in eleven residential properties;</font></li></ul><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'></p><ul><li style="margin-left:76.5px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">The 1,700 room </font><font style="font-family:Times New Roman;font-size:10pt;">Hotel Pennsylvania located on Seventh Avenue at 33</font><font style="font-family:Times New Roman;font-size:10pt;">rd</font><font style="font-family:Times New Roman;font-size:10pt;"> Street in the h</font><font style="font-family:Times New Roman;font-size:10pt;">eart of the Penn Plaza district</font><font style="font-family:Times New Roman;font-size:10pt;">;</font><p>&#160;</p></li><li style="margin-left:76.5px;list-style:disc;"><font style="font-family:Times New Roman;font-size:10pt;">A </font><font style="font-family:Times New Roman;font-size:10pt;">32.4% interest </font><font style="font-family:Times New Roman;font-size:10pt;">in Alexander's, Inc</font><font style="font-family:Times New Roman;font-size:10pt;">. 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We are currently evaluating the impact of the adoption of ASU 2015-02 on our consolidated financial statements. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">In April 2015, the FASB issued an update (&#8220;ASU 2015-03&#8221;) </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:Times New Roman;font-size:10pt;"> to ASC Topic 835, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Interest </font><font style="font-family:Times New Roman;font-size:10pt;">(&#8220;ASC 835&#8221;). ASU 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability to which they relate, consistent with debt discounts, as opposed to being presented as assets. ASU 2015-03 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2015. We elected to early adopt ASU 2015-03 effective as of December 31, 2015 with retrospective application to our December 31, 2014 consolidating balance sheet. 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There was no effect on our consolidated statements of income.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">In August 2015, the FASB issued an update (&#8220;ASU 2015-15&#8221;) </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Interest &#8211; Imputation of Interest</font><font style="font-family:Times New Roman;font-size:10pt;"> to ASC 835. For debt issuance costs related to line-of-credit arrangements, ASU 2015-15 allows entities to present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. We elected to early adopt ASU 2015-15 effective as of December 31, 2015 with retrospective application to our December 31, 2014 balance sheet. These debt issuance costs were $</font><font style="font-family:Times New Roman;font-size:10pt;">7,720,000</font><font style="font-family:Times New Roman;font-size:10pt;"> and $11,549,000 as of December 31, 2015 and 2014, respectively, and are included as a component of &#8220;other assets&#8221;.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">In January 2016, the FASB issued an update (&#8220;ASU 2016-01&#8221;) </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:Times New Roman;font-size:10pt;"> to ASC Topic 825, </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Financial Instruments </font><font style="font-family:Times New Roman;font-size:10pt;">(&#8220;ASC 825&#8221;).&#160; ASU 2016-01 amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments, including the requirement to measure certain equity investments at fair value with changes in fair value recognized in net income.&#160; ASU 2016-01 is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2017.&#160; We are currently evaluating the impact of the adoption of ASU 2016-01 on our consolidated financial statements.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:18px;">Real Estate: </font><font style="font-family:Times New Roman;font-size:10pt;">Real estate is carried at cost, net of accumulated depreciation and amortization. Betterments, major renewals and certain costs directly related to the improvement and leasing of real estate are capitalized. Maintenance and repairs are expensed as incurred. For redevelopment of existing operating properties, the net book value of the existing property under redevelopment plus the cost for the construction and improvements incurred in connection with the redevelopment are capitalized to the extent the capitalized costs of the property do not exceed the estimated fair value of the redeveloped property when complete. If the cost of the redeveloped property, including the net book value of the </font><font style="font-family:Times New Roman;font-size:10pt;">existing </font><font style="font-family:Times New Roman;font-size:10pt;">property, exceeds the estimated fair value of redeveloped property, the excess is charged to expense. Depreciation is </font><font style="font-family:Times New Roman;font-size:10pt;">recognized</font><font style="font-family:Times New Roman;font-size:10pt;"> on a straight-line basis over estimated </font><font style="font-family:Times New Roman;font-size:10pt;">useful lives which range from 7 to 40 years. Tenant allowances are amortized on a straight-line basis over the lives of the related leases, which </font><font style="font-family:Times New Roman;font-size:10pt;">approximate the useful lives of the assets. </font><font style="font-family:Times New Roman;font-size:10pt;">Additions to real estate include interest </font><font style="font-family:Times New Roman;font-size:10pt;">and debt </font><font style="font-family:Times New Roman;font-size:10pt;">expense capitalized during construction </font><font style="font-family:Times New Roman;font-size:10pt;">of $</font><font style="font-family:Times New Roman;font-size:10pt;">59</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">305</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;"> and $</font><font style="font-family:Times New Roman;font-size:10pt;">6</font><font style="font-family:Times New Roman;font-size:10pt;">2,</font><font style="font-family:Times New Roman;font-size:10pt;">786</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">000</font><font style="font-family:Times New Roman;font-size:10pt;"> for </font><font style="font-family:Times New Roman;font-size:10pt;">the years ended December 31, 2015 and 2014, respectively</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquire</font><font style="font-family:Times New Roman;font-size:10pt;">d above and below-market leases, </font><font style="font-family:Times New Roman;font-size:10pt;">acquired in-place leases and tenant relationships) and acquired liabilities and we allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases, acquired in-place leases and tenant relationships) and acquired intangible liabilities (including below&#8211;market leases) at their estimated fair value separate and apart from goodwill. We amortize identified intangibles that have finite lives over the period they are expected to contribute directly or indirectly to the future cash flows of the property or business acquired.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">Our properties, including any related intangible assets, are individually reviewed for impairment </font><font style="font-family:Times New Roman;font-size:10pt;">whenever</font><font style="font-family:Times New Roman;font-size:10pt;"> events or </font><font style="font-family:Times New Roman;font-size:10pt;">changes in </font><font style="font-family:Times New Roman;font-size:10pt;">circumstances indicat</font><font style="font-family:Times New Roman;font-size:10pt;">e</font><font style="font-family:Times New Roman;font-size:10pt;"> that the carrying amount may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property's carrying amoun</font><font style="font-family:Times New Roman;font-size:10pt;">t over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. 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We are deemed to be the primary beneficiary of a VIE when we have </font><font style="font-family:Times New Roman;font-size:10pt;">(</font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">) </font><font style="font-family:Times New Roman;font-size:10pt;">the power to direct the activities of the VIE that most significantly impact the VIE's economic performance</font><font style="font-family:Times New Roman;font-size:10pt;"> and</font><font style="font-family:Times New Roman;font-size:10pt;"> (ii)</font><font style="font-family:Times New Roman;font-size:10pt;"> the obligation to </font><font style="font-family:Times New Roman;font-size:10pt;">absorb losses or receive benefits that could potentially be significant to the </font><font style="font-family:Times New Roman;font-size:10pt;">VIE</font><font style="font-family:Times New Roman;font-size:10pt;">. We </font><font style="font-family:Times New Roman;font-size:10pt;">generally</font><font style="font-family:Times New Roman;font-size:10pt;"> do not control a partially owned entity if the entity is not considered a </font><font style="font-family:Times New Roman;font-size:10pt;">VIE</font><font style="font-family:Times New Roman;font-size:10pt;"> and the approval of all of the partners/members is contractually required with respect to major decisions, such as operating and capital budgets, the sale, exchange or other disposition of real property, the hiring of a chief executive officer, the commencement, compromise or settlement of any lawsuit, legal proceeding or arbitration or the placement of new or additional financing se</font><font style="font-family:Times New Roman;font-size:10pt;">cured by assets of the venture. </font><font style="font-family:Times New Roman;font-size:10pt;">We account for investments </font><font style="font-family:Times New Roman;font-size:10pt;">under</font><font style="font-family:Times New Roman;font-size:10pt;"> the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments are initially recorded at cost and subsequently adjusted for our share of net income or loss and cash contributions and distributions </font><font style="font-family:Times New Roman;font-size:10pt;">each period</font><font style="font-family:Times New Roman;font-size:10pt;">. 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margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="4" style="width: 390px; text-align:left;border-color:#000000;min-width:390px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="8" style="width: 315px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Year Ended December 31, </font></td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 270px; text-align:left;border-color:#000000;min-width:270px;">&#160;</td><td style="width: 80px; 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margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">6. In</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">vestments in Partially Owned Entities</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Toys &#8220;R&#8221; Us (&#8220;Toys&#8221;)</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">As of December 31, 2015, we </font><font style="font-family:Times New Roman;font-size:10pt;">own 32.</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;">% of Toys</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">We account for our investment in Toys under the equity method and record </font><font style="font-family:Times New Roman;font-size:10pt;">our </font><font style="font-family:Times New Roman;font-size:10pt;">share of Toys</font><font style="font-family:Times New Roman;font-size:10pt;">'</font><font style="font-family:Times New Roman;font-size:10pt;"> net income or loss on a </font><font style="font-family:Times New Roman;font-size:10pt;">one-quarter </font><font style="font-family:Times New Roman;font-size:10pt;">lag basis </font><font style="font-family:Times New Roman;font-size:10pt;">because Toys' fiscal year ends on the Saturday nearest January 31, and our fi</font><font style="font-family:Times New Roman;font-size:10pt;">scal year ends on December 31. The business of Toys is highly seasonal</font><font style="font-family:Times New Roman;font-size:10pt;"> and substantially all of Toys' net income is generated in its f</font><font style="font-family:Times New Roman;font-size:10pt;">ourth quarter</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">We have not guaranteed any of Toys' obligations and are not committed to provide any support to Toys.&#160; Pursuant to ASC 323-10-35-20, we discontinued applying the equity method for our Toys' investment when the carrying amount was reduced to zero in the third quarter of 2014. 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We manage, lease and develop Alexander's properties pursuant to agreements which </font><font style="font-family:Times New Roman;font-size:10pt;">expire in March </font><font style="font-family:Times New Roman;font-size:10pt;">of each year a</font><font style="font-family:Times New Roman;font-size:10pt;">nd are automatically renewable.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;"> the market value (&#8220;fair value&#8221; pursuant to ASC 820) of our investment in Alexander's, based </font><font style="font-family:Times New Roman;font-size:10pt;">on Alexander's </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2015</font><font style="font-family:Times New Roman;font-size:10pt;"> closing share price of $</font><font style="font-family:Times New Roman;font-size:10pt;">384</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">1</font><font style="font-family:Times New Roman;font-size:10pt;">, was $</font><font style="font-family:Times New Roman;font-size:10pt;">635,345</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">00</font><font style="font-family:Times New Roman;font-size:10pt;">0</font><font style="font-family:Times New Roman;font-size:10pt;">, or $</font><font style="font-family:Times New Roman;font-size:10pt;">5</font><font style="font-family:Times New Roman;font-size:10pt;">01</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;">777</font><font style="font-family:Times New Roman;font-size:10pt;">,000</font><font style="font-family:Times New Roman;font-size:10pt;"> in excess of </font><font style="font-family:Times New Roman;font-size:10pt;">the carrying amount on our consolidated balance sheet. 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text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 77px; text-align:center;border-color:#000000;min-width:77px;">&#160;<font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 77px; text-align:center;border-color:#000000;min-width:77px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 77px; text-align:center;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 14px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 77px; text-align:center;border-color:#000000;min-width:77px;">&#160;<font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;" /></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 77px; text-align:center;border-color:#000000;min-width:77px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 77px; text-align:center;border-color:#000000;min-width:77px;">&#160;</td></tr><tr style="height: 14px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td></tr><tr style="height: 13px"><td colspan="2" style="width: 268px; text-align:left;border-color:#000000;min-width:268px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Mortgages payable, net</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; 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text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 243px; text-align:left;border-color:#000000;min-width:243px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td></tr><tr style="height: 13px"><td colspan="2" style="width: 268px; text-align:left;border-color:#000000;min-width:268px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td colspan="8" style="width: 332px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:332px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Year Ended December 31,</font></td></tr><tr style="height: 13px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 243px; 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border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td></tr><tr style="height: 13px"><td colspan="2" style="width: 268px; text-align:left;border-color:#000000;min-width:268px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Total revenues</font></td><td style="width: 15px; 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text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:center;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; border-top-style:double;border-top-width:3px;text-align:center;border-color:#000000;min-width:91px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 243px; text-align:left;border-color:#000000;min-width:243px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; 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text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:left;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td><td style="width: 7px; text-align:right;border-color:#000000;min-width:7px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 91px; text-align:left;border-color:#000000;min-width:91px;">&#160;</td></tr><tr style="height: 13px"><td colspan="2" style="width: 268px; 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text-align:center;border-color:#000000;min-width:100px;">&#160;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;" /></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 100px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:100px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 100px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:100px;">&#160;</td><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 30px; text-align:left;border-color:#000000;min-width:30px;">&#160;</td><td colspan="5" style="width: 310px; 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border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 59px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 55px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:55px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 234px; text-align:left;border-color:#000000;min-width:234px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">6.5% Series A: authorized 83,977 shares</font>⁽²⁾</td><td style="width: 10px; 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text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 55px; text-align:left;border-color:#000000;min-width:55px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 234px; text-align:left;border-color:#000000;min-width:234px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">6.625% Series G: authorized 8,000,000 shares</font>⁽³⁾</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; 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Variable Interest Entit</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">i</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">es (&#8220;VIEs&#8221;) </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0px;">Unconsolidated VIEs</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">As of December 31, </font><font style="font-family:Times New Roman;font-size:10pt;">2015</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2014</font><font style="font-family:Times New Roman;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;">we have </font><font style="font-family:Times New Roman;font-size:10pt;">six</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">three</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">unconsolidated VIEs</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">We do not consolidate these entities because we are not the primary beneficia</font><font style="font-family:Times New Roman;font-size:10pt;">ry and the nature of our involvement in the activities of these entities does not give us power over decisions that significantly affect these entities' economic performance. We account for our in</font><font style="font-family:Times New Roman;font-size:10pt;">vestment</font><font style="font-family:Times New Roman;font-size:10pt;"> in these entities under the equity method (see Note 6 &#8211; </font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">Investments in Partially Owned Entities</font><font style="font-family:Times New Roman;font-size:10pt;">). 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The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price).</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;"> </font><font style="font-family:Times New Roman;font-size:10pt;">ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 &#8211; quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 &#8211; observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 &#8211; unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:20px;">Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:20px;">Financial assets and liabilities that are measured at fair value on our consolidated balance sheets consist of (</font><font style="font-family:Times New Roman;font-size:10pt;">i</font><font style="font-family:Times New Roman;font-size:10pt;">) marketable securities, (ii) real estate fund investments, (iii) the assets in our deferred compensation plan (for which there is a corresponding liability on our consolidated balance sheet), (iv) mandatorily redeemable instruments (Series G-1 through G-4 convertible preferred units and Series D-13 cumulative redeema</font><font style="font-family:Times New Roman;font-size:10pt;">ble preferred units), and (v) </font><font style="font-family:Times New Roman;font-size:10pt;">interest rate swap</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;">The tables below aggregate the fair values of these financial assets and liabilities by their levels in the fair value hierarchy at December 31, 2015 and 2014, respectively.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top: 0pt; 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text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">noncontrolling interests)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; 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text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Mandatorily redeemable instruments (included in other liabilities)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 50,561</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,600</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total liabilities</font></td><td style="width: 13px; 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text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,600</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 11px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td colspan="11" style="width: 375px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:375px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">As of December 31, 2014</font></td></tr><tr style="height: 16px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">noncontrolling interests)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 513,973</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Mandatorily redeemable instruments (included in other liabilities)</font></td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 25,797</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 16px"><td style="width: 25px; 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Property rental revenue is based on leases currently in place and our estimates for future leasing activity, which are based on current market rents for similar space plus a projected growth factor. Similarly, estimated operating expenses and real estate taxes are based on amounts incurred in the current period plus a projected growth factor for future periods. Anticipated sales proceeds at the end of an investment's expected holding period are determined based on the net cash flow of the investment in the year of exit, divided by a terminal capitalization rate, less estimated selling costs. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:18px;">The fair value of each property is calculated by discounting the future cash flows (including the projected sales proceeds), using an appropriate discount rate and then reduced by the property's outstanding debt, if any, to determine the fair value of the equity in each investment. Significant unobservable quantitative inputs used in determining the fair value of each investment include capitalization rates and discount rates. 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Estimates of the fair value of these instruments are determined by the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate, which is provided by a third-party specialist. For floating rate debt, we use forward rates </font><font style="font-family:Times New Roman;font-size:10pt;">derived from observable market yield curves to project the expected cash flows we would be required to make under the instrument. The fair value of cash equivalents and borrowings und</font><font style="font-family:Times New Roman;font-size:10pt;">er our unsecured revolving credit facilities</font><font style="font-family:Times New Roman;font-size:10pt;"> and unsecured term loan are </font><font style="font-family:Times New Roman;font-size:10pt;">classified as Level 1, and the fair v</font><font style="font-family:Times New Roman;font-size:10pt;">alue of our mezzanine loan receivable as of December 31, 2014 is classified as Level 3. 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text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 9,609,000</font></td></tr></table></div> <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td colspan="11" style="width: 375px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:375px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">As of December 31, 2015</font></td></tr><tr style="height: 16px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Mandatorily redeemable instruments (included in other liabilities)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 50,561</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 50,561</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Interest rate swaps (included in other liabilities)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,600</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,600</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 16px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,600</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 11px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td colspan="2" style="width: 345px; text-align:left;border-color:#000000;min-width:345px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td colspan="11" style="width: 375px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:375px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">As of December 31, 2014</font></td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Level 1</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 84px; 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text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:left;border-color:#000000;min-width:71px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 320px; text-align:left;border-color:#000000;min-width:320px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">noncontrolling interests)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 513,973</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 13px; 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text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 29px; text-align:left;border-color:#000000;min-width:29px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 150px; text-align:left;border-color:#000000;min-width:150px;">&#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 150px; text-align:center;border-color:#000000;min-width:150px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(based on fair</font></td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 70px; 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text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 75px; 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text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 4,848</font></td></tr></table></div> 0 <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="4" style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td colspan="5" style="width: 201px; 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text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 95px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 95px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 95px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:95px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td></tr><tr style="height: 16px"><td colspan="4" style="width: 291px; text-align:left;border-color:#000000;min-width:291px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Cash equivalents</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,295,980</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,296,000</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 749,418</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 16,748</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 85px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 17,000</font></td></tr><tr style="height: 16px"><td style="width: 26px; text-align:left;border-color:#000000;min-width:26px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 235px; text-align:left;border-color:#000000;min-width:235px;">&#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 85px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:85px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,295,980</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; 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text-align:left;border-color:#000000;min-width:225px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 80px; text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Weighted-</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Average</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 80px; 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margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">15</font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">. Fee and Other Income </font></p><p style='margin-top:0pt; margin-bottom:10pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;"> The following table sets forth the details of our fee and other income:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Amounts in thousands)</font></td><td colspan="8" style="width: 280px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:280px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Year Ended December 31,</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;">&#160;</td><td colspan="2" style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2015</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">BMS cleaning fees</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 82,113</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 85,658</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 66,505</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Lease termination fees</font>⁽¹⁾</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 27,233</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,362</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 32,630</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Management and leasing fees</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,831</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,905</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,073</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other income</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 38,528</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33,281</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33,363</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:center;border-color:#000000;min-width:445px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 164,705</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 155,206</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 155,571</font></td></tr><tr style="height: 11px"><td style="width: 24px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 421px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:421px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-top-style:double;border-top-width:3px;text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 11px"><td style="width: 24px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 421px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:421px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(1)</font></td><td colspan="9" style="width: 701px; text-align:left;border-color:#000000;min-width:701px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">The year ended December 31, 2015 includes $15,000 related to the New York Stock Exchange lease termination at 20 Broad Street. The year ended December 31, 2013 includes $19,500 from a tenant at 1290 Avenue of the Americas, of which our 70% share, net of a $1,529 write-off of the straight lining of rents, was $12,121; and $3,000 from the termination of our subsidiaries' agreements with Cuyahoga County to operate the Cleveland Medical Mart Convention Center.</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:18px;">The above table excludes fee income from partially owned ent</font><font style="font-family:Times New Roman;font-size:11pt;">ities, which is included in &#8220;loss</font><font style="font-family:Times New Roman;font-size:11pt;"> from partially owned entities</font><font style="font-family:Times New Roman;font-size:11pt;">&#8221; </font><font style="font-family:Times New Roman;font-size:11pt;">(see </font><font style="font-family:Times New Roman;font-size:11pt;">N</font><font style="font-family:Times New Roman;font-size:11pt;">ote </font><font style="font-family:Times New Roman;font-size:11pt;">6 </font><font style="font-family:Times New Roman;font-size:11pt;">&#8211; </font><font style="font-family:Times New Roman;font-size:11pt;font-style:italic;">Investments in Partially Owned Entities</font><font style="font-family:Times New Roman;font-size:11pt;">).</font></p> <div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Amounts in thousands)</font></td><td colspan="8" style="width: 280px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:280px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Year Ended December 31,</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;">&#160;</td><td colspan="2" style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2015</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2014</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 86px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:86px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2013</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">BMS cleaning fees</font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 82,113</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 85,658</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 66,505</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Lease termination fees</font>⁽¹⁾</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 27,233</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,362</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 32,630</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Management and leasing fees</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 16,831</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 19,905</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 23,073</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other income</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 38,528</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33,281</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 33,363</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 445px; 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text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td></tr><tr style="height: 13px"><td colspan="3" style="width: 299px; 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text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td></tr><tr style="height: 16px"><td colspan="25" style="width: 720px; text-align:left;border-color:#000000;min-width:720px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">See notes on pages 136 and 137.</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 14px"><td colspan="3" style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">(Amounts in thousands)</font></td><td colspan="22" style="width: 421px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:421px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">For the Year Ended December 31, 2014</font></td></tr><tr style="height: 14px"><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 261px; text-align:left;border-color:#000000;min-width:261px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Total</font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">New York</font></td><td style="width: 14px; 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text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td></tr><tr style="height: 13px"><td colspan="3" style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Real estate, at cost</font></td><td style="width: 9px; 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text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td></tr><tr style="height: 13px"><td colspan="3" style="width: 299px; text-align:left;border-color:#000000;min-width:299px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Balance Sheet Data:</font></td><td style="width: 9px; 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text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td colspan="5" style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total Washington, DC</font></td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 90px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:90px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 430,470</font></td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 90px; 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text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 185px; text-align:left;border-color:#000000;min-width:185px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 14px"><td colspan="7" style="width: 440px; text-align:left;border-color:#000000;min-width:440px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Notes to preceding tabular information:</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; 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text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td></tr><tr style="height: 14px"><td style="width: 25px; 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text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td></tr><tr style="height: 14px"><td style="width: 25px; 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text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td></tr><tr style="height: 13px"><td colspan="3" style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Balance Sheet Data:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td></tr><tr style="height: 13px"><td colspan="3" style="width: 298px; text-align:left;border-color:#000000;min-width:298px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">Real estate, at cost</font></td><td style="width: 9px; 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text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; border-top-style:double;border-top-width:3px;text-align:right;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;">&#160;</td></tr><tr style="height: 10px"><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 24px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 20px; 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text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 185px; text-align:left;border-color:#000000;min-width:185px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 90px; text-align:left;border-color:#000000;min-width:90px;">&#160;</td><td style="width: 15px; 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text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 25px; text-align:left;border-color:#000000;min-width:25px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 80px; text-align:left;border-color:#000000;min-width:80px;">&#160;</td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;">&#160;</td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 70px; text-align:left;border-color:#000000;min-width:70px;">&#160;</td><td style="width: 15px; 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Awards under the 2016 OPP constitute awards under Vornado's shareholder approved 2010 Omnibus Share Plan. Under the 2016 OPP, participants, including our Chairman and Chief Executive Officer, have the opportunity to earn compensation payable in the form of operating partnership units if, and only if, we outperform a predetermined total shareholder return (&#8220;TSR&#8221;) and/or outperform the market with respect to relative total TSR during a three-year performance period. Specifically, awards under our 2016 OPP may potentially be earned if we (i) achieve a TSR above that of the SNL US REIT Index (the &#8220;Index&#8221;) over a three-year performance period (the &#8220;Relative Component&#8221;) and/or (ii) achieve a TSR level greater than 7% per annum, or 21% over the three-year performance period (the &#8220;Absolute Component&#8221;). To the extent awards would be earned under the Absolute Component but we underperform the Index, such awards earned under the Absolute Component would be reduced (and potentially fully negated) based on the degree to which we underperform the Index. In certain circumstances, in the event we outperform the Index but awards would not otherwise be earned under the Absolute Component, awards may still be earned under the Relative Component. Moreover, to the extent awards would otherwise be earned under the Relative Component but we fail to achieve at least a 3% per annum absolute TSR, such awards earned under the Relative Component would be reduced based on our absolute TSR performance, with no awards being earned in the event our TSR during the applicable measurement period is 0% or negative, irrespective of the degree to which it may outperform the Index. If the designated performance objectives are achieved, OPP Units are also subject to time-based vesting requirements. Dividend payments on awards issued accrue during the performance period and are paid to participants if, and only if, awards are ultimately earned based on the achievement of the designated performance objectives. 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 47px; text-align:right;border-color:#000000;min-width:47px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 102,594</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 231,903</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 50px; text-align:right;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 334,497</font></td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 75,613</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1907</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 54px; text-align:center;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1998</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 62px; text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 178px; text-align:left;border-color:#000000;min-width:178px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">888 Seventh Avenue</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 375,000</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 47px; text-align:right;border-color:#000000;min-width:47px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 233,117</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 50px; text-align:right;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 233,117</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 97,680</font></td><td style="width: 5px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 47px; text-align:right;border-color:#000000;min-width:47px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 15,732</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 41,541</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 50px; text-align:right;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 57,273</font></td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 47px; text-align:right;border-color:#000000;min-width:47px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 13,700</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 33,126</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 50px; text-align:right;border-color:#000000;min-width:50px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 46,826</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 7,527</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 54px; text-align:center;border-color:#000000;min-width:54px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 62px; text-align:center;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr></table></div><p style='margin-top: 0pt; 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text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 3,200</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 8,518</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 11,718</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,621</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2008</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; text-align:left;border-color:#000000;min-width:168px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">150 Spring Street</font></td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 3,200</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 5,822</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 258</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 3,200</font></td><td style="width: 4px; 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text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 7,743</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 178</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; 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text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 365</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1997</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; text-align:left;border-color:#000000;min-width:168px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">825 Seventh Avenue</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,483</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 697</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 33</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,483</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 730</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 2,213</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 341</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1997</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 20,378</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 98,431</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 70,683</font></td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 160px; text-align:left;border-color:#000000;min-width:160px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Total New York </font></td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; 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border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 121,712</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 86,609</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 29,903</font></td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 160px; text-align:left;border-color:#000000;min-width:160px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="4" style="width: 184px; text-align:left;border-color:#000000;min-width:184px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Total New York</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 5,464,905</font></td><td style="width: 4px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 2,115,700</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 2,747,173</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 7,807,091</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 10,554,264</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,814,559</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 12px"><td colspan="34" style="width: 969px; text-align:center;border-color:#000000;min-width:969px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">VORNADO REALTY TRUST</font></td></tr><tr style="height: 12px"><td colspan="34" style="width: 969px; text-align:center;border-color:#000000;min-width:969px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">SCHEDULE III</font></td></tr><tr style="height: 12px"><td colspan="34" style="width: 969px; text-align:center;border-color:#000000;min-width:969px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">REAL ESTATE AND ACCUMULATED DEPRECIATION</font></td></tr><tr style="height: 12px"><td colspan="34" style="width: 969px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:969px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Amounts in thousands)</font></td></tr><tr style="height: 12px"><td colspan="5" style="width: 197px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:197px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">COLUMN A</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 74px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">COLUMN D</font></td><td style="width: 4px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td colspan="7" style="width: 189px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:189px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7.5pt;COLOR: #000000;TEXT-ALIGN: center;">COLUMN E</font></td><td style="width: 4px; 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text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:center;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:center;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:center;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:center;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:center;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:center;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:center;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:center;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; 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317,110</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 40,965</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font 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294,738</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 67</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font 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225,268</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 38,670</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1956, 1963</font></td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; 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style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 173px; text-align:left;border-color:#000000;min-width:173px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Other</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,763</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 52,408</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> (27,100)</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,032,853</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 3,492,456</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4,525,309</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,050,700</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 12px"><td colspan="34" style="width: 968px; text-align:center;border-color:#000000;min-width:968px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">VORNADO REALTY TRUST</font></td></tr><tr style="height: 12px"><td colspan="34" style="width: 968px; text-align:center;border-color:#000000;min-width:968px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">SCHEDULE III</font></td></tr><tr 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8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 160px; text-align:left;border-color:#000000;min-width:160px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 69,701</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 640,317</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; 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text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 160px; text-align:left;border-color:#000000;min-width:160px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 985,206</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,207,109</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 217,490</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">1922/1969/1970</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2007</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; 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83,089</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 83,089</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New 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8,254</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 13,321</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 21,775</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 3,142</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2005</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; text-align:left;border-color:#000000;min-width:168px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Annapolis</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 9,652</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 9,652</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 9,652</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 3,207</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2005</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; text-align:left;border-color:#000000;min-width:168px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">677-679 Madison</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,462</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,058</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 284</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,626</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,178</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 2,804</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 361</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2006</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(5)</font></td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="2" style="width: 168px; text-align:left;border-color:#000000;min-width:168px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Other </font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4,270</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4,270</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4,270</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 785</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:center;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:center;border-color:#000000;min-width:56px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2005</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 160px; text-align:left;border-color:#000000;min-width:160px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="4" style="width: 184px; text-align:left;border-color:#000000;min-width:184px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Leasehold Improvements</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; text-align:left;border-color:#000000;min-width:63px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; text-align:left;border-color:#000000;min-width:65px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; text-align:left;border-color:#000000;min-width:60px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="3" style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Equipment and Other</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 78px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 63px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 116,030</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 48px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 116,030</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 52px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 116,030</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 85,863</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 73px; text-align:left;border-color:#000000;min-width:73px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 56px; text-align:left;border-color:#000000;min-width:56px;">&#160;</td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td colspan="3" style="width: 176px; text-align:left;border-color:#000000;min-width:176px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: left;">Total December 31, 2015</font></td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 9,614,838</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4,210,570</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: 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style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 48px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:48px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4,164,799</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 13,925,338</font></td><td style="width: 4px; text-align:left;border-color:#000000;min-width:4px;">&#160;</td><td style="width: 8px; 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text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 69px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:69px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,161,633</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 2,829,862</font></td><td style="width: 50px; text-align:left;border-color:#000000;min-width:50px;">&#160;</td></tr></table></div> 450000000 2014 152825000 584230000 0 152825000 584230000 737055000 17197000 205000000 375000000 350000000 450000000 0 0 0 0 80000000 61759000 0 0 0 117904000 0 0 0 0 0 0 0 119657000 0 0 40333000 0 38224000 39303000 62731000 107937000 46505000 0 0 30000000 24079000 0 34602000 15732000 19721000 11187000 13616000 13700000 268509000 117269000 120723000 85259000 0 25992000 80216000 62888000 28261000 86226000 8599000 26903000 20063000 55220000 80482000 18728000 26388000 13446000 41186000 34635000 30544000 1000 115848000 80715000 72995000 182067000 102472000 40870000 26218000 10000 0 111810000 63002000 33827000 2610000 10000 19227000 15153000 22809000 0 142000 2582000 119658000 0 0 40333000 34614000 38224000 39303000 62731000 107937000 46505000 0 63000000 30000000 24080000 0 34602000 15732000 19721000 11187000 13616000 13700000 268509000 233117000 201438000 158254000 147453000 128464000 121086000 89106000 28271000 86226000 120409000 26905000 53890000 57829000 80492000 37955000 41541000 36255000 41186000 34777000 33126000 388167000 233117000 201438000 198587000 182067000 166688000 160389000 151837000 136208000 132731000 120409000 89905000 83890000 81909000 80492000 72557000 57273000 55976000 52373000 48393000 46826000 3916000 97680000 76663000 60765000 62011000 41282000 50879000 33566000 7538000 2189000 6530000 7243000 9610000 16392000 943000 5820000 16888000 9492000 2693000 8739000 7527000 1900 1980 1969 1923 1901 1950 1969 1968 1915 1925 1923 2009 1965/2004 1911 1987 1925 2015 1998 1999 1997 2000 1997 1998 1999 2005 2015 1998 2001 2007 1993 2015 2010 1998 1998 2013 2005 2007 137101000 0 0 0 386386000 386386000 249285000 4796000 2012 223122000 110000000 359836000 0 2006 249835000 110001000 26714000 43592000 2013 140000000 334497000 0 102594000 231903000 102594000 231903000 13149000 1968 1997 164903000 575000000 316616000 52689000 263927000 98098000 53615000 133450000 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